30 July 2023

Sekura.id secures funding for global expansion

Submitted by: Matt Cooper
Sekura.id secures funding for global expansion

Sekura.id is thrilled to announce a major investment by a prominent South African Investment company. 

Sekura.id is delighted that with this significant backing, it can accelerate its already impressive global reach enabling secure, seamless authentication and passwordless mobile identity and fraud prevention solutions across six continents. 

Many potential investors have courted Sekura.id’s senior management team in recent months and is delighted that this very selective investor is the perfect fit for the company and will not only bolster its stellar growth but also form a strong, ongoing partnership supporting Sekura.id’s evolution. 

Markets that Sekura.id will be focusing on in the next six months are the United States, India, and sub-Saharan Africa where Sekura.id sees significant mobile penetration, coupled with our existing market in Europe where we have seen immense growth over the last six months. 

Sekura.id CEO, Mark Harvey, said, “It’s massively exciting to have experienced Sekura’s extraordinary growth so far and with this investment, we will be increasing the size of our team in multiple geographies and building on our work creating the next exciting iteration of mobile identity frameworks. 

It will allow Sekura to expand into new territories, increase our product portfolio, support more mobile network operators in opening their networks to more customers, and enable us to work closer with our trusted partners. 

In these somewhat turbulent times for our industry with other firms retrenching, this investment is a catalyst and a testament to how vital mobile identity is, and will continue to be; fraud is becoming more sophisticated, especially with generative AI, and the Sekura API Framework (SAFr) is a mobile solution that humanises identity for millions in a world where the consumer expects the service provider to be responsible for their security. Sekura’s commitment to making the world a SAFr place will continue at pace.” 

Sekura.id

With a global coverage across 75 mobile network operators, that protects around 2bn people, Sekura.id is the leading provider of trusted, secure, and easy-to-consume solutions for ID verification, anti-fraud and secure online authentication use cases. Sekura works with established KYC, identity verification and risk data providers who have already integrated into leading global brands with demand for mobile identity solutions. Through the integration of real-time mobile data into our partners’ existing services, we enable them to extend and enhance their customer offerings into new services, use cases and geographies through the adoption of SAFr, our unique, next-generation mobile Intelligence API.