Entersekt, a South African fintech that has developed technology that protects millions of financial services users across the world, has received funding from Accel-KKR, a private equity firm based in the United States, to help it accelerate its roadmap and expand into new countries.
“We are very excited to have Accel-KKR on board. The industry is experiencing a wave of innovation in areas like omnichannel and passwordless authentication, 3-D Secure and open banking, all of which are strategic focus areas for Entersekt. The investment from Accel-KKR will help us scale our business to reach more organisations across more regions with our cloud-first solutions,” said Schalk Nolte, Entersekt CEO.
“Providing frictionless user experiences and allowing organisations to customize their user journeys around their specific needs is a very important part of our value proposition. It brings to life our vision of bridging the gap between identity, authentication and payments.”
Joe Porten, principal at Accel-KKR, said Entersekt is known for its deep vertical expertise and successful track record in the financial services industry.
“The company scores high marks from customers, especially for its innovative technology that completely reimagines user experiences,” he said. “As a partner, Accel-KKR is committed to helping the Entersekt team accelerate growth and continually deliver innovation in their category.”
Entersekt, a global payment security company based in Cape Town, is an innovator in the global authentication market, with recent market and industry firsts including a Europe-first payment authentication solution based on the FIDO standard, as well as a world-first implementation of an AI-powered 3-D Secure solution currently in rapid progress at a renowned bank.
