MENLO PARK, California & CAPE TOWN, South Africa, December 9, 2021– (BUSINESS WIRE) – Entersekt, a global leader in device identification and authentication solutions headquartered in Cape Town, today announced a significant investment from Accel-KKR, a capital company – Leading investment focused on technology. The investment will allow Entersekt to accelerate its roadmap, hire the best talent and stimulate its expansion into new markets.
“We are very happy to have Accel-KKR on board. The industry is seeing a wave of innovation in areas such as omnichannel and passwordless authentication, 3-D Secure and open banking, all of which are strategic focus areas for Entersekt. Accel-KKR’s investment will help us scale our business to reach more organizations in more regions with our cloud-first solutions, ”said Schalk Nolte, CEO of Entersekt.
Entersekt currently secures over a billion transactions each month, protecting millions of financial services customers around the world. The company is an innovator in the global authentication market, known for delivering market and industry firsts. Two recent examples include a first global payment authentication solution based on the FIDO standard and a first-to-market implementation of an AI-based 3-D Secure EMV solution that is currently growing rapidly at an award-winning bank.
“Entersekt is known for its deep vertical expertise and successful track record in the financial services industry. The company gets high marks from customers, especially for its innovative technology that completely reinvents user experiences, ”said Joe Porten, director at Accel-KKR. “As a partner, Accel-KKR is committed to helping the Entersekt team accelerate its growth and continuously deliver innovation in its category. “
“Providing seamless user experiences and allowing organizations to tailor their user journeys to their specific needs is a very important part of our value proposition,” adds Nolte. “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 more than 300 mid-sized software and technology services companies around the world. The company 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.
Entersekt is a leading provider of device identification and customer authentication software. Financial institutions and other large businesses in countries around the world rely on its multi-patented technology to securely communicate with their customers, protect them from fraud, and provide them with new hands-on experiences regardless of channel or channel. device used. For more information, visit entersekt.com or send an email to [email protected]
Accel-KKR is a technology-driven investment firm with over $ 10 billion in capital commitments. The company focuses on software and technology companies, well positioned for growth in revenue and bottom line. At the heart of Accel-KKR’s investment strategy is a commitment to develop strong partnerships with the management teams of its portfolio companies and a focus on creating value alongside management by leveraging resources. available through the Accel-KKR network. Accel-KKR focuses on mid-market companies and offers a wide range of capital solutions, including buyout capital, minority growth investments and credit alternatives. Accel-KKR also invests in various types of transactions, including recapitalizations of private companies, splits of divisions and closing deals. For three consecutive years between 2019 and 2021, Inc. named Accel-KKR among “PE 50: Best Private Equity Firms for Entrepreneurs,” an annual list of founder-friendly private equity firms. Accel-KKR’s headquarters are in Menlo Park, with offices in Atlanta and London. Visit accel-kkr.com to learn more.
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