ASK closes 4.7 M€ funding round to accelerate development in contactless cards and secure documents

ASK announced the closing of a € 4.7 million (US$ 6.1 million) financing round. The round was led by European venture firm CDC Innovation, an existing investor, alongside new investors. With a global 25% market share in the mass transit sector for contactless cards, ASK keeps expanding in the secure documents sector with biometric passports, eID cards or electronic driver license. “These funds will help ASK benefit from the fast-growing market of digital security in contactless technology and will strengthen ASK worldwide presence,” says Mr. Philippe Geyres, ASK Chairman of the Board.