Funding
OTPless raises $3.5 million pre-Series A
By Startup Enthusiast ·
- Date
- Company
- OTPless
- What it does
- Surat authentication startup
- Kind
- Funding
- Amount
- $3.5 million
- Stage
- Pre-Series A
- Based in
- Surat
What they do
SIDBI led the round, with Venture Highway, FJ Labs and Piper Serica also putting money into the company
What happened
The Surat startup lets users sign in through WhatsApp and other accounts instead of typing one-time passwords on apps
Why it matters
Funds will help it expand globally and move beyond confirming identity into deciding what each user may access
The details
- OTPless closed a pre-Series A round of $3.5 million led by SIDBI.
- Venture Highway, FJ Labs and Piper Serica took part in this first institutional round.
- Total money raised so far reached about $6.5 million.
- Money goes to global growth and a push from authentication into authorisation (deciding what a user may do).