Toronto-based SecureKey has secured a $30 million injection of cash from seven investors, including Intel Capital, Visa, MasterCard, Discover, Rogers Venture Partners, Rogers Communications and TELUS. SecureKey provides chip-based identity and payment credentials for online and mobile transactions – perfect to make mobile payments in Canada more secure.
The new money will go towards deploying “innovative online and mobile authentication solutions” in laptops, tablets, and mobile devices that make users “tap/click to pay” and “tap/click to authenticate” capabilities. This process was one of the few that were listed in the official guidelines for mobile payments in Canada.
Greg Wolfond, CEO of SecureKey, stated that “We are thrilled to have attracted a team of world-class strategic investors who believe in our solutions and technology. SecureKey allows consumers and businesses to use real-world payment and identity credentials with their computers and mobile phones to enhance online security and payments in a simple and convenient manner. Our collaboration efforts are an important part of being able to expand into a wide variety of devices, applications, and markets.”
There’s no word on how much Rogers or TELUS invested, but confirms their commitment to make mobile payments come alive in Canada.