CovR

CovR

Credential-less multi-factor authentication with intelligent, multi-layered security for seamless integration and fraud protection. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2020202120222023
Revenues1.4m1.4m1.4m1.4m
% growth---5 %
  • Edit
DateInvestorsAmountRound
-

N/A

-
*

€1.0m

Early VC

$2.7m

Series A
Total FundingCAD5.2m

Recent News about CovR

Edit
More about CovRinfo icon
Edit

Covr Security AB specializes in providing next-generation multi-factor authentication (MFA) solutions that are completely credential-less, ensuring robust protection against fraud through an intelligent, multi-layered security approach. The company offers its services through a native mobile app for quick deployment and a powerful SDK for seamless, white-label integration into existing mobile applications. Covr Security serves a diverse range of clients, including banks, payment networks, credit card companies, eID providers, IoT companies, and mobile carriers. Operating in the cybersecurity market, Covr Security's business model revolves around Authentication-as-a-Service (AAAS), enabling businesses to activate multiple MFA options to safeguard their users from various threats. The company generates revenue by offering its MFA solutions as a service, which requires minimal infrastructure to scale for numerous users simultaneously. Covr Security's innovative approach is built on modern, patent-pending encryption technologies, making it a reliable choice for strong customer authentication. The company operates globally, with offices in Sweden, the USA, Germany, Singapore, and the UAE.

Keywords: multi-factor authentication, credential-less, fraud protection, mobile app, SDK, white-label integration, cybersecurity, AAAS, encryption technologies, global presence.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.