Despite Brexit, some EU startups are still choosing to move their headquarters to the UK. One such example is Ondato, a Lithuania-based digital and biometric authentication company. It has announced that it’s expanding in the UK and will now be based in London’s Canary Wharf district.
The move comes after Ondato’s recent $2M (approx €1.6M) Seed round from investors including Startup Wise Guys and OTB Ventures, two investors that focus on Central and Eastern Europe. With the funds, the company intends to power the digital economy in 2021 with its biometric authentication software meant for user onboarding.