Born from the creative minds of Noah Stanford and Michael Melone, 0pass is a start-up that’s determined to change the way businesses think about security. Focusing on making it easier for companies to transition from traditional usernames and passwords to more secure biometrics like Touch ID and Face ID, 0pass has already started to make waves in the FinTech industry.
The company recently closed a seed funding round of $3.5m, led by Brett Gibson at Initialized Capital, according to a report from TechCrunch. In addition to the lead, other investors included Y Combinator, Box Group, 645 Ventures, and a selection of individual angel investors, showing a substantial backing from the tech and finance industry.
0pass has a clear mission: to create a passwordless future for enterprises. Its innovative products offer an all-inclusive solution to passwordless login for various systems, encompassing Windows, Linux, Mac, remote access, and websites.
By integrating with existing infrastructure, operating systems, and identity providers, 0pass’s solutions manage authentication methods and connect user identity to security keys, offering a secure, streamlined approach to user authentication.
This newly raised capital will be primarily directed towards the development of 0pass’s product and acquiring new customers. With the company freshly out of private beta, it is set to onboard its first batch of enterprise customers in the coming weeks.
Speaking about the future of enterprise security, 0pass co-founder Noah Stanford stated, “Senior leadership is having to rethink how to secure accounts as traditional methods are repeatedly compromised. Taking a completely different approach and changing how every individual at the company logs in is a C-suite directive. Instead of adding more steps and complexity to employee logins, passwordless represents a new paradigm and addresses one of the largest security risks an organisation faces.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
Copyright © 2018 RegTech Analyst
