V-Key Inc., a Singapore-based mobile security and cryptographic technology company, raised $12m in Series B funding.
Backers included that Ant Financial Services Group (Ant Financial), the operating company of Alipay, currently the largest third-party online payment service provider in China, and existing investor venture capital firm IPV Capital.
The company intends to use the funds for global expansion and further development to strengthen its offerings.
Led by Benjamin Mah, Co-Founder and CEO, V-Key has created the V-OS, a multi-layered Secure Element technology that provides security for mobile solutions while simplifying mobile identity, data and e-commerce transactions. V-OS is currently deployed on millions of devices throughout the world. The company has offices in the US, and Singapore.