Passwordless broker Secfense nabs $2m

Secfense, which aims to put an end to password-related attacks, has collected $2m in funding as it looks bolster its position internationally, with a focus on the UK and US.

The funding round was supported by Tera VC, Presto Ventures and RKKVC.

Secfense said it wanted investors that not only provided capital, but also offered knowledge, contacts and could support in the strategy of entering new markets.

The RegTech company is helping organisations move to a passwordless future by introducing strong authentication systems. Its platform is deployed between users and applications and learns traffic patterns related to authentication. It then enforces multi-factor authentication login and other sensitive actions, without interfering with existing code.

Secfense CEO Tomasz Kowalski said, “There are plenty of multifactor authentication (MFA) solutions on the market, but so far no one has proposed a good way to introduce them to many applications and systems in a fast and easy way.

“We did it. Investors have noticed our broker is a solution that addresses some of the biggest security concerns of large organizations. Secfense spreads an invisible protective layer across entire organizations and spreads MFA on top of all systems and applications. MFA is introduced quickly with zero integration costs and no burden to end-users.”

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