Leading identity and global authentication solutions provider Entersekt has raised an undisclosed investment amount from US private equity firm Accel-KKR. The funding will go towards accelerating the company roadmap, hiring top talent, and fueling its expansion across new markets. Entersekt is a single authentication hub that allows consumers to securely transact on any digital channel or device.
At present, the fintech startup serves over a million monthly transactions protecting millions of financial services customers across the globe. The company stands out as an innovator across the global markets acquiring the reputation as a pacesetter. Two instances where Entersekt led the market were the creation of a FIDO standard world-first payment authentication solution, and a market-first implementation of the AI-powered EMV 3-D Secure solution that’s currently clinching awards.
Talking about the investment from Accel-KKR in comments shared on BusinessWire, Entersekt CEO Schalk Nolte said it will help “scale our business to reach more organizations across more regions with our cloud-first solutions.” He went on to describe new technologies where the company is fixated on such as omnichannel and passwordless authentication, and 3-D Secure open banking.
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📢 BIG news: @Entersekt has secured a major investment from @AccelKKR! This incredible opportunity will enable us to accelerate our roadmap, reach new markets, and ultimately bridge the gap between #identity, #authentication, and #payments. Read more 👉 https://t.co/VlFoLSmG6X pic.twitter.com/fftmZOiNFN
— Entersekt (@Entersekt) December 9, 2021