Wultra, a European provider of post-quantum authentication and digital identity solutions for banks and fintechs, raised €6.8 million in a Series A funding round to accelerate its next phase of global growth.
The investment round was backed by lead investor Seventure Partners, followed by ARIADNEXT founders Marc Norlain and Guillaume Despagne, and existing investors J&T Ventures and Elevator Ventures.
Wultra helps financial institutions replace legacy authentication methods with phishing-resistant, post-quantum technologies that improve security and user experience.
Having established its regional hub in Singapore, Wultra now plans to expand its operations into the Middle East and the United States.
The investment comes as organizations worldwide modernize their digital identity systems to address AI-enabled identity fraud, including deepfakes.
“Last year was a highly dynamic period for Wultra. We grew our team by nearly 50%, established a presence in Singapore, and now support more than 70 clients across 25 countries worldwide,” said Petr Dvorak, Founder & CEO of Wultra.