PortfoLion leads EUR 500,000 investment in Cursor Insight
Image by Shutterstock.com
PortfoLion is leading a more than EUR 500,000 investment in authentication solution startup Cursor Insight, the venture capital arm of OTP Bank said on Thursday, according to a report by state news wire MTI.
PortfoLion is partnering on the transaction with Hungary's Finext and Estonia' Startup Wiseguys.
Cursor Insight, which was established by Hungarians in the United Kingdom, will use the fresh capital to develop a solution, dubbed Graboxy, that identifies users by the way they move the cursor.
OTP Bank uses Cursor Insight's electronic signature solution at its branches
Cursor Insight had revenue of GBP 723,000 in 2019.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
