South Africa

Identity Solutions Provider Entersekt Raises Funding From Accel-KKR

Cape Town-headquartered device identity and authentication solutions provider Entersekt has bagged an investment from Accel-KKR.

According to a statement, the investment from the technology-focused private equity firm will allow the company to boost hiring and expansion into new markets.

Schalk Nolte

“We are very excited to have Accel-KKR on board. The industry is experiencing a wave of innovation in areas like omnichannel and password-less 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.

Entersekt provides authentication solutions that secure over a billion transactions every month, the statement said. The company’s solutions space customer registration and authentication, payments, and digital identity.

The company was founded in 2008. Prior to this round, it had last raised funding in a Series C round from RMI and Endeavour Catalyst in 2017 (Crunchbase).

Featured image: Unsplash (edited)