SSenStone (operating under the swIDch brand) develops a patented One-Time Authentication Code (OTAC) algorithm that generates dynamic, networkless authentication codes and combines user identification and authentication into a single code. Its core product suite includes card-tapping mobile OTP for secure transactions and device authentication aimed at preventing identity theft and card-not-present (CNP) fraud. The company has supplied its card-tapping mobile OTP for large remittances to Toss Bank and reports growing interest from financial service firms, public institutions, and enterprises. SSenStone plans to accelerate global business development—targeting the financial, telecommunications, and IoT industries—by leveraging the security and convenience of OTAC. The company highlights recent recognition and awards and says swIDch is based in London with an R&D center in South Korea; swIDch was founded in 2018. The firm also took first place in the Korean Ministry of SMEs and Startups’ Baby Unicorn 200 project, underscoring its perceived technological potential.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2022