South African Device Authentication Firm, Entersekt, Secures Funding From US Investor

South African Device Authentication Firm, Entersekt, Secures Funding From US Investor

The United States-based technology-focused private equity firm, Accel-KKR, has made an undisclosed investment in Entersekt, a major player in the device entity and authentication space situated in Stellenbosch, South Africa.

Entersekt was launched in 2008 by Altus van Tonder, Christiaan Brand, Dewald Nolte, Niel Müller and Schalk Nolte. Entersekt is an innovator of mobile-first fintech solutions. Financial services providers and other enterprises rely on its patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel.

The investment from Accel-KKR will enable Entersekt to expedite its roadmap and expand into emerging markets thanks to this recent financing.

Entersekt presently protects millions of financial services consumers and currently serves clients in North America, Europe, and Africa, and has offices in all three markets by securing over one billion transactions per month.

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

Entersekt CEO Schalk Nolte expressed his delight at the addition of Accel-KKR to the firm.

“The company will use the investment to help scale the business to reach more organizations across more regions with its cloud-first solutions, as the industry is experiencing a wave of innovation in areas like omnichannel and password-less authentication, 3-D Secure, and open banking,” said Shalk.