# EFTsure

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eftsure-pty

- Industry: Software
- Headquarters: Australia
- Website: www.get.eftsure.com.au
- Total disclosed funding: $4.5M
- Latest round: Series B (Aug 6, 2019)
- Investors on record: 1

## About

EFTsure Pty Limited specializes in financial verification solutions aimed at enhancing risk management and security for businesses. Their platform helps organizations validate the financial integrity of partners and suppliers, reducing risks associated with fraud and instability.Founded in 2014 in Australia, EFTsure Pty Limited provides a platform that ensures financial security for companies. The founders include Mark Chazan and Michael Kontorovich, with Jon Soldan currently serving as CEO. The company has raised USD 100 mn in funding to date, with a notable investment of USD 100 mn from Level Equity in December 2021. It has been involved in 3 deals since its inception.EFTsure offers a platform designed to enhance financial security and risk management for businesses. This platform allows organizations to verify the financial health and legitimacy of their partners and suppliers, thereby addressing risks associated with fraud and financial instability. Their services cater to various industries, including finance, construction, and retail, and target a broad range of clients from small and medium-sized enterprises to large corporations. EFTsure operates primarily in Australia, New Zealand, and select areas in Asia, providing essential solutions for establishing trust within supply chains.The revenue model of EFTsure is subscription-based, allowing clients to access the financial verification platform and premium features through annual or monthly payments. Pricing plans are customized based on the size of the client organization and the specific services chosen, which include advanced analytics and insights for thorough risk assessment. Partnerships with financial institutions and industry associations enhance the company's market presence and value proposition, ensuring steady revenue generation and fostering long-term client relationships.EFTsure plans to utilize the recent funding from December 2021 to enhance its platform and expand its service offerings. The company aims to develop new products that improve their financial verification capabilities and plans to enter additional markets across Asia by 2023. These initiatives are part of their strategy to solidify their position in the financial security sector and extend their reach in the industry.

## Funding rounds

- Series B, Aug 6, 2019, $2.5M — OIF Ventures
- Series A, Aug 17, 2017, $2M — OIF Ventures

## Investors

- OIF Ventures (https://capitalatlas.ai/funds/oif-ventures) — Series A, Series B