Entersekt, a South African fintech that has developed technology that secures millions of financial services users throughout the globe, has received funding from Accel-KKR, a private equity group located in the United States, to help it accelerate its blueprint and expand into emerging markets.
The worldwide payment security firm is located in Cape Town South Africa. It is a pioneer in the international authentication market, with the latest market and industry firsts involving a Europe-first disbursement authentication solution hinged on the FIDO benchmark, as well as a global application of an AI-powered 3-D Secure solution presently in fast development at a prestigious bank.
Entersekt presently protects millions of financial services consumers all over the globe by securing over one billion transactions per month.
After unveiling a calculated investment from Accel-KKR, a major technology-focused private equity group, the startup is now poised for even more development.
Entersekt will be able to expedite its roadmap and expand into emerging markets thanks to this recent financing.
Entersekt CEO Schalk Nolte expressed his delight at the addition of Accel-KKR to the firm. In fields like omnichannel and passwordless authentication, 3-D Secure, and public banking, the business is seeing a rush of development, all of which are significant emphasis sectors for Entersekt.
Accel-investment KKR will enable the firm to scale its operations so that its cloud-first solutions can impact more organizations in more geographies.
He went on to say that a key component of the company’s value proposition is offering smooth consumer experiences and enabling businesses to adapt their user journeys to meet their individual demands. It brings the company’s ambition of bridging the identity, authentication, and payment gaps.
Entersekt is recognized for its effective vertical competence and solid reputation in the financial services business, according to Joe Porten, principal at Accel-KKR.
Customers praise the brand, he added, particularly for its unique technology that entirely reinterprets user experiences. Accel-KKR is devoted to assisting the Entersekt team in accelerating growth and delivering continuous innovation in their category as a partner.
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