Entersekt, a South African fintech attracts investment from US private equity firm

Entersekt, a South African fintech that has developed technology that protects millions of financial services customers worldwide, has received funding from US-based private equity firm Accel-KKR to accelerate its roadmap and fuel expansion into new markets.

Entersekt, a global payment security company headquartered in Cape Town, is a global authentication market innovator, with recent market and industry firsts including a Europe-first payment authentication solution based on the FIDO standard, and a world-first implementation of an AI-powered 3-D Secure solution, which is currently making rapid progress at a renowned bank.

Every month, Entersekt secures over one billion transactions, protecting millions of financial services customers around the world. Following the announcement of a strategic investment from Accel-KKR, a leading technology-focused private equity firm, the company is now poised for further expansion. Entersekt will be able to accelerate its roadmap and expand into new markets as a result of the investment.

“We are thrilled to have Accel-KKR on board.” The industry is seeing a surge 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. “The Accel-KKR investment will enable us to scale our business and reach more organizations across more regions with our cloud-first solutions,” said Schalk Nolte, CEO of Entersekt.

“Providing frictionless user experiences and enabling organizations to tailor their user journeys to their specific needs is a critical component of our value proposition.” It brings our vision of bridging the identity, authentication, and payment gaps to life.”

Entersekt is known for its deep vertical expertise and successful track record in the financial services industry, according to Joe Porten, principal at Accel-KKR.

“The company consistently receives high marks from customers, particularly for its innovative technology that completely reimagines user experiences,” he said. “As a partner, Accel-KKR is committed to assisting the Entersekt team in accelerating growth and delivering continuous innovation in their category.”