Led · Series A · Apr 2023

Authlete provides a software component and SaaS solution that enables service providers to implement API access authorization (OAuth 2.0) and identity federation (OpenID Connect). The company serves customers across industries, with many in financial services, including the world’s largest digital bank in Brazil and the first digital bank in Japan. Authlete has contributed to the OpenID Foundation’s OpenID Certification test suite used to validate open banking/open finance API security implementations. Led by Takahiko Kawasaki and Ali Adnan, the company was founded in 2015 and is based in Tokyo, Japan. The product is positioned for rapid integration by banks, securities firms, media, and e-commerce providers. Authlete intends to expand globally, develop new products, and explore new industries in partnership with SBI Digital Asset Holdings. Authlete provides OAuth 2.0 and OpenID Connect implementation solutions via cloud and on-premises software that are integral to API security. Its solutions have been used by financial institutes and healthcare providers. The company closed a US$3m Pre-Series A round and intends to use the funds to accelerate adoption worldwide through a sales and marketing drive. Authlete is led by co-founder and representative director Takahiko Kawasaki. It was incorporated in 2015 and is based at Finolab, a FinTech incubation space in Tokyo. Last year the company was accepted into Level39, Europe’s largest tech community for FinTech, Cybersecurity and Smart cities in London.