We are excited to share the news that UpWest-backed SecuredTouch raised $8M to grow the company’s R&D team and expand within Europe and other international markets.
SecuredTouch is transforming the digital fraud security market, providing continuous behavioral biometrics authentication that tracks the user by monitoring over 100 various behavioral parameters to identify the true identity of the user.
The Series A round was led by Germany-based Arvato Financial Solutions, with participation from RDC and others. As part of the round, both companies will collaborate with SecuredTouch’s technology.
The round brings SecuredTouch’s total funding to $11.5M.
CEO Yair Finzi said, “Our solutions are designed and built to ensure that legitimate transactions are recognized quickly as such and can be conducted smoothly. The aim is to ensure a secure, fast and convenient customer experience in mobile transactions, on a sustained basis.” Read more on the investment here.
UpWest was the first investor in SecuredTouch in 2015. We are fortunate to have worked with the founding team and watch them grow from two to over twenty. Congratulations to Yair, Ran, and the rest of the SecuredTouch team!