Entersekt, a global leader in device identity and authentication solutions headquartered in Cape Town, South Africa, received an investment from Accel-KKR.
The amount of the deal was not disclosed.
The investment will enable Entersekt to accelerate its roadmap, hire talent and accelerate expansion into new markets.
Led by Schalk Nolte, CEO, Entersekt is a provider of device identity and customer authentication software. Financial institutions and other large enterprises in countries across the globe use its multi-patented technology to communicate with their clients securely, protect them from fraud, and serve them new experiences irrespective of the channel or device in use.
The company currently secures over 1 billion transactions every month, protecting millions of financial services customers across the globe.