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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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