NEXT Biometrics has received a purchase order for FAP20 sensors from existing customer Waxed Mobile in Africa for a new product with a financial inclusion use case. This initial order covers a new product from Waxed Mobile aimed at a digital financial inclusion use case and the initial order value is 40,000 USD. The product is scheduled to be launched in Nigeria in June 2022.

The new Raven product enables the agriculture industry to manage secure microfinancing for farmers in a cashless eco-system. Since NEXT FAP20 sensor is NBISS Biometric certified in Nigeria, the Raven device will enable Waxed Mobile additional identification and authentication use cases in Nigeria.