Versatile payments ring Xenxo passes $1m funding
India-based wearable payments ring Xenxo has got over $1 million in crowdfunding as it seeks to captures people’s pockets (and fingers) with its device.
Making a call
The device was launched in February this year by Vigneshwar KG, founder and CEO of Rajmall Inventives. The firm is still looking for more cash on Indiegogo as it prepares for the “demand” for its Xenxo S-Ring.
The device is an interesting concept as it offers Bluetooth calls, data storage, music control, NFC payments, and an alarm.
Due to passing “rigorous” user testing, the company says its ring has already covered 87% of the technological issues the world faces, namely the ones mentioned above, and an access card and home keys.
SOS
As you can see from the images in this news report, its use extends well beyond fintech and payments.
To make a call hold the ring to your ear. In addition, in the event of an attack, the ring can be pressed to send out an SOS signal.
The first 300 backers alone will “get a shot” at buying the ring for $179 which is -40% of the original price.
It will be interesting to see when the funding ends, and when the device appears on the market.
