Entersekt is a South African fintech company that has developed technology to secure millions of financial service users around the world. Accel-KKR has provided funding for the company to accelerate its plans and expand into new markets.
Cape Town South Africa is home to the global payment security company. It is a leader in international authentication markets and has the most recent market and industry firsts. These include a Europe-first disbursement verification solution based on the FIDO benchmark. Also, a global application for an AI-powered 3-D Secure system is currently in rapid development at a prestigious banking institution.
Entersekt currently protects over one billion financial service consumers around the world by securing more than one million transactions per month.
The startup now has the opportunity to develop further after it received a calculated investment by Accel-KKR. This is a prominent technology-focused private equity firm.
This financing will allow Entersekt to accelerate its plans and expand into emerging markets.
Schalk Nolte, CEO of Entersekt, expressed his joy at the addition to the firm of Accel-KKR. The business is experiencing rapid development in areas like omnichannel, passwordless authentication, 3-D Secure, and public banking. These are all important focus sectors for Entersekt.
Accel-investment KKR allows the firm to scale up its operations in order for its cloud-first solutions to impact more organizations in more places.
He said that the company’s key value proposition was providing smooth consumer experiences and allowing businesses to adapt their user experience to their specific needs. This enables the company to achieve its ambition of closing the payment, identity and authentication gaps.
Joe Porten, principal of Accel-KKR, stated that Entersekt has been recognized for its vertical competence and solid reputation within the financial services industry.
He said that customers praise the brand for its unique technology, which completely reinterprets customer experiences. As a partner, Accel-KKR supports the Entersekt team to accelerate growth and deliver continuous innovation in their industry.