Ukrainian Startup Talsec Secures €1M in Funding to Strengthen its Mobile App Security with In-App Protection Tools

Talsec, a Ukrainian startup based in the Czech Republic, strengthens mobile app security with In-App Protection tools for neobanks, FinTechs, and various other industries – has secured €1M in funding.

Dealing with Growing Mobile Risks:

The use of mobile applications continues to rise at the same time as cyber threats are targeting mobile devices. Talsec is a startup based in the Czech Republic that was established by Sergiy Yakymchuk, a Ukrainian entrepreneur who develops strong security apps to shield app creators from hacking, fraud, and malware that often target applications to gain access to customers and their data; also tricks such as app cloning and reverse engineering are met with protection from Talsec.

Funding to Fuel Global Growth:

Talsec had €1M in its first funding round, backed by Dig Ventures from London and the Czech VC DEPO Ventures. The recovered funds will not only expand Talsec’s operations in new international territories but also allow for product enhancement to meet the increasing need for mobile application protection.

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Talsec offers layered protection with the real-time monitoring of programs and processes, checks for application integrity, and Machine Learning for Malware detection. This is a freemium B2B subscription service that provides a kernel code software development kit for integration, API shielding, API assessment, and API monitoring packages for developers.

FinTech and Neobank:

Digital selling strategy fits perfectly well for Talsec’s solutions targeted at neobanks and FinTechs with primarily a mobile-oriented sales landscape. Since the statistical figure of the mobile banking market is continuously expanding in the future, Talsec has become an important security company in this growing industry.

The startup currently gathers more than 1,000 applications, among which are Generali, VIG, and FinTechs as BrasilCard. specializing in simple and efficient tools Talsec aims to become the worldwide leader in developing mobile application security standards.

Backed by Leading Investors:

Dig Ventures’ investor mentions that Talsec has high scalability and noted that the company has the potential to disrupt the software segments, whereas DEPO Ventures has pointed out that Talsec has been on steady growth and possesses market-fit technologies.

Talsec’s mission is clear: to equip the owners of applications, and developers with highly reliable, easily usable security solutions and bring the issue of mobile application fraud a standard worldwide.

Image Credit: Talsec