[Funding News] OTPless Secures $3.5 Mn pre-Series A Funding Led by SIDBI

In its pre-Series A fundraising round, which was spearheaded by SIDBI, the authentication and access management service OTPless has secured $3.5 million.

Co-founder and CEO Bhavik Koladiya of OTPless stated that the company intends to use the additional funding to broaden its worldwide footprint and service beyond identification and authorization.

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The platform OTPless is used by more than 20,000 developers and more than 5,000 businesses globally to authenticate over 30 million users.

The firm offers support for a number of contemporary protocols, such as Passkeys, Network Auth, Protected SMS, and Device Fingerprinting, in addition to popular social sign-in options like Google, iMessage, Microsoft, Github, Slack, and UPI.

Read also - Weekly Startup Funding News Report For 13-18 May 2024

About OTPless

Founded in 2021, Bhavik Koladiya CEO, OTPless facilitates WhatsApp logins by doing away with SMS, OTPs, and passwords, providing a seamless two-tap social login process. 

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