Entersekt was founded in South Africa in 2010, with a vision to revolutionise the way banks protect their customers’ digital transactions. The company has pioneered numerous market-first solutions, including phone-as-a-token out-of-band push authentication. Its omnichannel authentication solution has helped financial services institutions across the globe combat fraud while reimagining customer experiences. Its SaaS deployment option ensures Entersekt’s groundbreaking technology can be implemented seamlessly, helping solve real-world problems quickly and at scale.
Schalk Nolte, CEO of Entersekt, said: “Our product innovation and passion to support our clients in their digital transformation journeys are second to none. Accel-KKR is widely recognised for its commitment to helping software companies grow. This partnership certainly came at the right time. It will not only accelerate our global reach but enable us to share our groundbreaking solutions in authentication, open banking and digital payments with even more customers and partners. We are very excited about what’s ahead. GP Bullhound’s expertise and dedication were instrumental in helping us find the right partner to continue on our mission.”
Guillaume Bonneton, Partner at GP Bullhound, added: “We are thrilled to have helped Entersekt find the ideal partner to accelerate its global expansion and continue its growth for the years to come. We are excited to see what the future holds for the group.”
This transaction is another testament to GP Bullhound’s global fintech sector coverage, following recent completed deals such as the investment from Groupe BPCE, Grupo Credito Agricola and UniCredit in Meniga, the sale of Budget Insight to Credit Mutuel Arkea, the investment from Kinnevik, Paypal and Avios in Monese and the investment of Index Ventures and Balderton in Prodigy Finance.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com