The technology company Facephi is exploring strategic options, hiring GP Bullhound as a market advisor to conduct a thorough assessment. Interested parties are being invited to engage as potential buyers. This development has been communicated to the market regulators by Facephi’s board of directors. The company is listed on BME Growth, the stock exchange focused on growing companies, and remains active in capital markets since its listing in 2014. The current market capitalization stands around 49.6 million euros, with the share activity reflecting a current close around 24,000,000 as of this week.
The decision follows a year in which Facephi reported a strong finish to the fiscal year, driven by its biometric authentication technologies. The firm posted record-breaking billing and sales figures, with revenue rising by a substantial margin and the year ending with considerable growth over the previous period.
Facephi’s board has indicated that GP Bullhound, a firm specializing in technology-sector operations, has been commissioned to conduct market research with a clear objective: to assess whether a third party might have genuine interest in acquiring a controlling stake. The board released that the process is planned to span six months, during which potential buyers will be evaluated and the strategic fit of a possible transaction will be considered.
Additionally, the law firm Gomez Acebo and Pombo is providing external advisory services to the company during this process. Since engagement, Facephi has chosen to withhold further details, stating that updates will be shared in due course through official channels. The company has reaffirmed its commitment to transparency with respect to BME Growth as it navigates this phase.
Founded by Salvador Seagull and Javier Look, Facephi developed a robust face recognition algorithm and refined its marketing approach to meet the evolving needs of the financial sector. The shift toward digital operations and the imperative to secure remote interactions created a fertile ground for growth. Early-stage funding challenges gave way to a pivotal investment in 2020 when a Swiss fund, Nice&Green, injected 33 million euros. This capital supported an ambitious growth plan and accelerated the platform’s development of Facephi Identity Platform, a solution that enables organizations of varying sizes to deploy verification systems without expensive integration hurdles.
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According to the company’s yearly results presentation, the global client base has surpassed 250 customers, including more than 200 banks that utilize Facephi’s technology to authenticate clients across diverse markets. The platform’s reach continues to expand as institutions seek secure, scalable identity verification solutions that streamline onboarding and improve compliance outcomes.
Despite leadership changes, Salvador Marti stepped down from the presidency in mid-2021 to pursue other ventures, including Intercity and a planned expansion into a hospitality and service network. The board, led by remaining executive leadership, emphasized continuity as Javier Mira continues in the role of chief executive. Today, Facephi employs more than 200 people and remains focused on expanding its product suite and global footprint, reinforcing its position within the growing biometric and digital identity landscape.