US nearing ‘hypergrowth’ for South African authentication firm Entersekt

Entersekt, a South Africa-based transaction authentication software maker, says its fiscal 2023 performance in the United States "is nearing hypergrowth."

Executives with the company, who focus on serving financial institutions, say in a statement that customer growth in the U.S. has been almost 220 percent in fiscal 2023.

Contracted annual recurring revenue outside its South Africa home market, according to executives, has risen by 191 percent over the same period. The company also was awarded a patent that is …

africa authentication biometrics biometrics news customer digital-identity entersekt executives financial financial institutions financial results focus growth hypergrowth institutions performance software south south africa statement states the company trade notes transaction united united states