Blockchain Travel Verification Startup Zamna Raises $5M USD In Funding

Blockchain, Innovation, Investing, News | October 28, 2019 By:

Blockchain travel verification startup Zamna has raised a $5 million seed funding round led by LocalGlobe and Oxford Capital. The round also saw participation from Seedcamp, the London Co-Investment Fund (LCIF), Telefonica, IAG (International Airlines Group), and a number of angel investors.

Zamna, formerly known as VChain Technology, is a biometric and advance passenger information validation platform for airlines and governments. It uses a blockchain to safely share and verify data between airlines and travel authorities to check passenger identities.

The funding will be used to roll-out Zamna’s proprietary Advance Passenger Information (API) validation platform for biographic and biometric data, which is already being deployed by major airlines as well as immigration authorities.

“For airport security to successfully become frictionless through biometric capabilities, the first step is to have access to 100 percent accurate and trustworthy passenger data,” said Irra Ariella Khi, Zamna co-founder and chief executive. “Zamna is delivering on this – built on a ‘privacy by design’ framework, it ensures that airlines and governments get accurate, trustworthy data in advance of a passenger travelling, enabling the traveller can get through the airport without multiple identity checks.”

Remus Brett, partner at Localglobe, said that the team at Zamna has built a platform that will play a major part in the future of travel and aviation security.

“With passenger numbers expected to double in the next 20 years, new technology-driven solutions are the only way airlines, airports and governments will be able to cope,” Brett said.