Wultra, a cybersecurity company providing post-quantum authentication and digital identity solutions for banks and fintechs, has raised €6.8 million in Series A funding. The round was led by Seventure Partners, with participation from Marc Norlain, Guillaume Despagne, J&T Ventures, and Elevator Ventures. The investment will accelerate product development, expand digital identity wallet capabilities, support international growth, and strengthen the team.
Meeting Demand for Post-Quantum Security
As financial institutions prepare for AI-driven identity fraud and post-quantum cryptography standards, Wultra is expanding its platform to help organizations replace legacy authentication with phishing-resistant technologies. The company also plans to grow beyond its recently established Singapore hub into the Middle East and the United States.
The funding follows a year of expansion that included launching operations in Singapore, broadening the product portfolio, and growing to more than 70 customers across 25 countries.
“Last year was a highly dynamic period for Wultra. We expanded our product portfolio beyond authentication to cover the broader digital identity journey, from onboarding and identity proofing to user authentication, transaction authorization, and electronic signatures. We grew our team by nearly 50%, established a presence in Singapore, and now support more than 70 clients across 25 countries worldwide,” said Petr Dvorak, Founder & CEO of Wultra.
Investor Backing
Investors highlighted Wultra’s position in the growing post-quantum security market and confidence in its international expansion strategy.
“At Seventure Partners, we invest at the intersection of innovation and market readiness. Wultra sits precisely at that intersection: a team that has built a proven post-quantum-ready authentication solution already trusted by financial institutions across multiple markets. As the industry accelerates its transition to quantum-resilient infrastructure, we believe Wultra is uniquely positioned to define the next standard in digital identity for financial services," said Julien Cazor, Venture Partner at Seventure Partners.
“As Identity experts, we believe that quantum-resistant authentication solutions will play a key role in the emerging European wallet ecosystem. We have known Wultra for years as their customers, and we are convinced they will be a leader in this field,” said Guillaume Despagne and Marc Norlain.