The Sthaler and Fingopay relationship
Background
Sthaler Ltd was founded by Nick Dryden in 2016, after he saw that problems encountered in the music business could be solved using biometrics.
Nick had teamed up with Mastercard to introduce a cashless ‘contactless’ payment at music festivals, delivering the mobile top-up facility and social elements of the system. However, there were issues based on the lack of customer authentication and security.
Solution
Nick embarked on a project to introduce a secure payment system that addressed the issues of customer authentication and security. A biometric system was developed and trialled at Festival No.6, alongside partners BT and Hitachi. It solved the issues relating to current payment card systems, making it simpler and cheaper for festival merchants, but also more enjoyable and stress-free for music fans.
Following Festival No.6, Nick secured exclusive licenses with Hitachi for VeinID before embarking on high-profile authentication and security trials with Visa and Worldpay. Sthaler was formally launched following endorsements from the Visa Europe Board of Directors in January 2016, with Fingopay the company’s first product.
Sthaler and Fingopay
Sthaler is the name of our parent company, it’s the name we registered to operate under, and Fingopay is our brand name. The name Fingopay has been cleared for us to use, and we have applied for a trademark registration so we can protect it and grow it as a brand.
Leading the charge
Our company was founded by music entrepreneur Nick Dryden, from the desire to create a cashless experience for festival goers. Since then we’ve brought together an experienced team of proven entrepreneurs and experts who share one common goal. To create a universal identity authentication solution. One that helps everyone complete transactions in seconds.
Nick Dryden
Founder & CEO
Simon Binns
Chief Marketing Officer
Andrew Horton
Chief Technology Officer
Dan Cox
Financial Director
Stephen Alale
Head of Engineering
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