PortfoLion is leading a more than EUR 500,000 investment in authentication solution startup Cursor Insight, the venture capital arm of OTP Bank said on Thursday, according to a report by state news wire MTI.

PortfoLion is partnering on the transaction with Hungary's Finext and Estonia' Startup Wiseguys.

Cursor Insight, which was established by Hungarians in the United Kingdom, will use the fresh capital to develop a solution, dubbed Graboxy, that identifies users by the way they move the cursor.

OTP Bank uses Cursor Insight's electronic signature solution at its branches

Cursor Insight had revenue of GBP 723,000 in 2019.

Read the original article on Budapest Business Journal.