BankVault Cybersecurity

BankVault Cybersecurity

Instant Invisible Passwordless Authentication. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD202120222023
Revenues<1m<1m<1m
  • Edit
DateInvestorsAmountRound
-

N/A

-
N/A

$3.0m

Seed
N/A

$350k

Seed
N/A

$500k

Seed
Total FundingAUD6.0m

Recent News about BankVault Cybersecurity

Edit
More about BankVault Cybersecurity
Edit

BankVault is a cybersecurity innovator pioneering web security with over 25x innovations, 14x Patents granted worldwide, 5x products in market, and high-caliber shareholders including Turing Laureate - Whitfield Diffie (the Father of Internet Encryption).

BankVault's product, MasterKey, doubles/quadruples customer acquisitions and engagement for SaaS & E-Commerce businesses by eliminating registration and login abandonment. More than a security feature, this is a growth accelerator to turbocharge the lifeblood of online business - growth.

Passwordless is one of the hottest segments in cybersecurity ($45 Bn TAM in 2021) and MasterKey has clear technical advantages that elevate it above competitors in B2C SaaS.

This is an intelligent new approach to Passwordless Authentication for web portals that is invisible and frictionless for users. The seamless experience achieves multi-factor authentication (MFA) in one step and can be deployed within minutes (instead of months) with no technology or security risk. The system is based on a new Decentralized Web Protocol, is FIDO2 compliant, and requires:

- No client software or user setup

- No user change management

- No backend system changes.

MasterKey is used by enterprises that deliver services via the web browser (typically B2C SaaS). A product-led growth (PLG) business model enables organizations to "Test Drive" their site without cost and then subscribe for a continuous service with SLAs. For transparency the API is open-source and the protocol is published in a global patent application.

This unique strength for seamless mass adoption when fused with massive SaaS marketplaces (x N), presents a remarkable opportunity to achieve geometric acceleration. New marketplaces can be penetrated within weeks, each expanding our service obtainable market (SOM) by millions to hundreds of millions of users. Our competitors can't do this as efficiently because their solutions require every user to download, install, and configure software.

MasterKey (48-second clip) https://youtu.be/Z9t2iMuOxRU

MasterKey Instant Access (80-second clip) https://youtu.be/kQlVtyyol8E

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.