Start-ups

SA FinTech Entersekt attracts Investment from US Private Equity Firm

 Entersekt, a global payment security company headquartered in Cape Town, today announced a strategic investment from Accel-KKR, a leading technology-focused private equity firm. The investment will enable Entersekt to accelerate its roadmap and fuel expansion into new markets.

Rand Merchant Investment Holdings (JSE: RMI) through AlphaCode, RMI’s incubator for fintech entrepreneurs has led two previous fundraising rounds and remains a significant investor.

“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 organizations across more regions with our cloud-first solutions,” says Schalk Nolte, Entersekt CEO.

Entersekt currently secures over 1 billion transactions every month, protecting millions of financial services customers across the globe. The company is an innovator in the global authentication market, known for delivering market and industry firsts. Two recent examples include a Europe-first

 payment authentication solution based on the FIDO standard, and a world-first implementation of an AI-powered 3-D Secure solution currently making rapid progress at an award-winning bank.

Dominique Collett, RMI Senior Investment Executive and head of AlphaCode comments, “In 2017, we identified Entersekt as a high growth business, ready to scale led by a strong entrepreneurial management team. We continue to strongly believe in this business and its growth potential and we are excited to work with Accel-KKR to benefit all parties.”

“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,” says Joe Porten, Principal at Accel-KKR. “As a partner, Accel-KKR is committed to helping the Entersekt team accelerate growth and continually deliver innovation in their category.”

“Providing frictionless user experiences and allowing organizations to customize their user journeys around their specific needs is a very important part of our value proposition,” Nolte adds. “It brings to life our vision of bridging the gap between identity, authentication, and payments.”

Founded in 2000 as one of the first technology-focused private equity firms, Accel-KKR has invested in over 300 mid-market software and technology-enabled services businesses around the world. The firm partners with strong management teams in B2B software companies with mission-critical technologies. In August 2021, Accel-KKR was named one of the Top 25 Private Equity Firms for Growth Companies by GrowthCap Advisory.

Innov8tiv.com

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

Recent Posts

Industry Insights: How Guest Posting Has Changed Over Time

Image Courtesy The world of blogging has changed a lot since the early days of…

4 hours ago

How your Business can Get Ahead of the Curve

Every business wants to be ahead of the curve, but only a small number of…

9 hours ago

10 Tips for Implementing a Business Organization Strategy

You've put a lot of thought into your business organization strategy—now it's time to actually…

9 hours ago

Seven Steps to Confidence in your Photography

Image source: Pexels If there is one thing that you should have in your hobbies,…

1 day ago

4 Considerations in Building Climate-Controlled Self-Storage

Since self-storage is on the rise right now, it is one of the best times…

1 day ago

No Deposit Bonus and How Players Benefit From It

Online casinos are noted for their generosity in bonuses in comparison to the bricks-and-mortar casino…

1 day ago