Tag Archives: Entersekt
Entersekt: Latest News
Peter Pedroncelli, 5:02 am
Global investment fund Endeavor Catalyst has backed South African authentication and app security company Entersekt through a funding round that was realized in September. The Silicon Valley-based investment firm led a funding round for Entersekt amounting to around $5 million, with the investment being Endeavor Catalyst’s first ever in South Africa, where they have had an office since 2004.
Tom Jackson, 6:13 am AFKI Original
While fintech solutions in other parts of the world have not produced consistent success, Africa’s lack of banking penetration has opened up possibilities for fintech startups to serve a mobile-first population. This track record of innovation is resulting in increased funding for African fintech startups, while of all the sub-sectors within Africa’s tech space it has also proven the most likely in terms of exits.
Peter Pedroncelli, 5:06 am
South African mobile security solutions company, Entersekt, have concluded a deal that will see multi-million dollar investments made to fund the continued international expansion of the firm. The Stellenbosch-based company will be backed by investors Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE). The two investors acquired minority shares in Entersekt for an undisclosed amount, with the mobile security solutions firm describing the investment as a multi-million dollar agreement.
Dana Sanchez, 6:08 pm
Many U.S. banks and credit unions use obsolete forms of security technology, leaving their customers vulnerable to attack, says a Cape Town company that has expanded to the U.S. Mobile application security company Entersekt uses customers’ mobile phones to enable one-touch approval or rejection of potential transactions. The company’s new U.S. headquarters are in Atlanta.
Dana Sanchez, 8:15 am
Thabo Lehlokoe, founder of Seemahale Telecoms, is about to debut the first South African-manufactured smartphones and tablets. There is a big gap in the market between ultra low-cost handsets and high-end smartphone models, Lehlokoe said.
Dana Sanchez, 2:06 pm
When a banking customer initiates a transaction online, Transakt launches automatically. The only action the customer must take is one touch to respond to a simple “accept/reject” prompt.
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