The technology company Facephi is exploring a potential sale, having enlisted expert advisor GP Bullhound to conduct market research. Interested buyers are being sought, and the company’s board has conveyed this situation to the regulatory agency. The listing is on BME Growth, the stock exchange for growing companies, which has been listing since 2014 and recently closed near a market capitalization of 49.6 million euros after reaching 24,000,000 euros in value this Tuesday.
The decision follows Facephi’s fiscal year results, which highlighted continued revenue growth. The company, known for developing facial recognition software alongside other biometric authentication solutions, posted its strongest year yet, with sales increasing by 69 percent and reaching 22 million euros in billing.
Facephi stated to the market that GP Bullhound, a firm that advises technology companies on corporate operations, is conducting the market research to assess whether a third party may express interest in acquiring a controlling stake. The process has been allotted a six‑month window to determine the feasibility of a potential takeover.
Gomez Acebo and Pombo, a law firm, is providing external counsel throughout this procedure. Since signing, the company has not disclosed further details beyond reiterating the information already presented to BME Growth.
Facephi, founded by Salvador Seagull and Javier Look, has developed a facial recognition algorithm and has sharpened its marketing approach. The financial services sector has witnessed a push toward digitization and heightened security for remote operations, creating a favorable growth niche for the company. After several early years of market challenges, a Swiss fund, Nice & Green, invested 33 million euros in 2020, enabling an accelerated growth plan. This support helped advance the Facephi Identity Platform, a verification system designed for organizations of all sizes, aiming to streamline integration and reduce implementation costs.
Facephi approves digital identification services for banking in Spain
According to the company’s presentation of last year’s results, there are more than 250 clients worldwide, with over 200 banks using its technology to verify customers’ identities.
Salvador Martí remained a major shareholder as of the time of the updates, though he stepped down from the presidency in July 2021 to pursue other ventures such as Intercity, the first Spanish club open to the public, and a chain of cafés. He additionally signaled intentions to list on the market. If Javier Mira continues as CEO, the company presently employs more than 200 people.