SANTA CLARA, Calif., June 19, 2017 (GLOBE NEWSWIRE) -- Sequent, one of the world’s leading providers of tokenization services, today announced that it has completed a $16 million Series C round of financing. The round of funding was led by TIS, part of TIS INTEC Group based in Japan, and supported by Sequent’s existing institutional investors including Opus Capital Partners, SBT Ventures and Jado Investments.
“The market for tokenization technology and services will only continue to grow in the coming years. Sequent’s comprehensive platform addresses the increasing need to provide trusted systems underlying the most threatened mobile environments and transactions,” said Fred Thiel, Sequent’s Chairman of the board. “This recent investment will help fund enhancements to the core products and continued growth in support of our growing global network of partners.”
About TIS
In addition to being a leading payments solution provider, TIS of TIS INTEC Group provides a number of IT solution services, including Data Center and Cloud solutions. Simultaneously, we are also arranging a global support system focused in the China and ASEAN regions, contributing to the development of our valued customers as a business partner of more than 3,000 companies in various industries such as finance, manufacturing, distribution in service, public, communication. For more details, please refer to http://www.tis.co.jp/.
About Sequent
Sequent Platform brings cards to mobile and makes them useful for consumers. Sequent enables banks, transit agencies, access control providers and any other issuer to securely digitize their credit, debit, transit, loyalty, or ID cards, distributing them to their own application or any others using the Sequent Platform. Sequent’s simple APIs empower the app developer community to bring cards to all apps on mobile, wearable, and other connected devices enabling consumers to make payments, redeem offers, open doors, and ride transit systems. Sequent Platform includes: Token Service Platform (TSP), Card and Wallet Management Platform, and Trust Authority. For more information, visit www.sequent.com, and follow us on Twitter @sequentsw.