Cybersecurity platform VST Enterprises has closed its fourth funding round, picking up £11.4m.
The round saw contributions from various private investors including VST’s first investor Chris Lightbody, FinTech investor Humberto de Armas and KPMG director Guy Weaver, according to various reports in the media. The money valuation of the company has now reached £220m, the articles state.
Founded in 2012, VST is a cybersecurity platform helping to authenticate online transactions and interactions. The platform is currently used for fraud protection in areas including document verification, end-to-end supply chain management, payment systems and charitable transactions, among others.
This investment will be used to acquire more staff and support the roll out of its VCode technology internationally, with talks underway in India, Africa, Russia, Latin America and Central America, it said. The capital will also be used to help the launch of VApparel and joint ventures.
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Copyright © 2018 RegTech Analyst
