FireID, a Stellenbosch, South Africa-based provider of security applications for mobile authentication, has raised additional funding of €5m (approximately $6.4m) from Jersey-based 4D Innovative Capital International Limited.
The funding will be used to expand worldwide distribution of the mobile password authentication solution into key verticals identified in the international marketplace.
FireID allows users to generate a one-time password via their mobile phone to securely and conveniently log into online banking, e-commerce websites, cloud-based applications and VPNs.
Commenting on the funding, Jenny Dugmore, CEO of the company, said: “These new resources will be instrumental in accelerating our rapid growth into new international markets and building upon our leadership position in mobile two-factor authentication solutions”.
FinSMEs
07/09/2010