One million euros for Hanko

The software is to receive an ISO certificate before the end of the year. The security start-up is also bringing Jan Gerle from payment service provider Payone into the management team.

The Kiel-based start-up Hanko has once again raised funding. Only in December, High-Tech Gründerfonds and Payone founders Carl Frederic Zitscher and Jan Kanieß put money into the Kiel-based company. Now, Leipzig-based VC Smart Infrastructure Ventures and Intershop co-founder Roland Fassauer are giving one million euros, reports online magazine Payment&Banking

. The total investment thus amounts to 1.5 million euros.

Hanko wants to simplify the login process. In the future, users should no longer log in to websites online using two-factor authentication, but instead via Touch ID or Face ID, as is often already the case on smartphones. "Our vision is to enable every online service to no longer make user account security dependent on passwords or cumbersome 2-factor processes," Hanko founder Felix Magedanz tells Payment&Banking

. The startup, founded in 2018, says it provides the necessary infrastructure for website operators.

Jan Gerle, previously with Frankfurt-based payment processor Payone, is also moving to Kiel to become CTO. Gerle will lead and expand the development team and further develop the technology, it says.