What does Ideem do?
Ideem is a payments technology company that specializes in keeping users within the merchant app by eliminating authentication steps, using its Zero-Trust Security Module (ZSM) which cryptographically binds to devices to prevent account takeovers and ensure secure transactions.
How much did they raise?
The company raised $2.4M in a Seed round with lead investors including Sovereigns Capital, Quona Ventures, Everywhere Ventures, Hustle Fund, Oread Angels, and Network KS, along with participation from a group of angel investors.
What are their plans for the money?
With the new funds, Ideem aims to scale its partnerships across rapidly digitizing markets, which could significantly enhance the efficiency and security of digital payment processes.
What have they achieved so far?
Ideem has already made strides by developing a platform that streamlines the payment process, eliminating unnecessary authentication while maintaining robust transaction security.
