China-based IDsManager raises Series A funding

IDsManager, a Beijing, China-based cloud identity service platform, has reportedly raised fresh funding.

The company has closed an undisclosed Series A round of funding, with investment coming from Fortune Capital and Qiming Venture Partners according to Chinamoney Network. Spokespeople for the VCs and the firm could not be reached for comment.

IDsManager is a solution provider for the next generation of unified identity authentication and management for cloud computing and mobile applications.

It provides ‘complete solutions and successful cases’ for different industries, including government, finance, education, medical, energy, operators, large-scale enterprises, among others. The company provides professional solutions for different areas of technology needs, including “cloud mass migration ” Identity authentication and authorisation, unified authentication and authorization of API gateways, multi-factor authentication, WiFi security, and password security solutions.

For the finance industry, the company claims to provide a ‘wealth of solutions’ such as the FIDO Identity Bracelet, Password Security Control (SM2), Multi-Factor Authentication (MFA), Business Integration with the Enterprise Internal Identity Authentication Platform (5A Platform), among others.

Its solution not only ‘completely solves’ the various security risks existing in the traditional authentication methods such as account number, password, and SMS verification code, it also improves account security and brings a better user experience.

IDsManager has also obtained a large number of users in the financial industry, including Tencent’s Qkey authentication bracelet, Securities’ SM2 password control, Ping An Bank’s 5A mobile portal, and Evergrande’s mobile APP certification.

Copyright © 2018 RegTech Analyst

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