Evervault, a New York-based infrastructure provider specialising in encrypting and managing sensitive data, has raised $25 million in Series B funding, signaling strong investor demand for infrastructure that enables sensitive financial data to be used without compromising security, especially as payments, wealth, and card programs become more embedded and data-intensive. The company is evolving from a payments-focused encryption provider into a broader trust layer for internet and fintech applications, combining encryption with tools like 3D Secure, network tokens, and card data enrichment to support regulated, high-volume use cases. The larger takeaway is that data security is increasingly being funded as core financial infrastructure rather than a compliance add-on, with scale metrics like rapid revenue growth and $5 billion in transaction volume helping validate that shift.
Encryption Fintech Evervault Lands $25M Series B
