Entersekt Appoints Tony Bakshi as Chief Financial Officer

ATLANTA, GA USA/CAPE TOWN, South Africa (August 6, 2024): Entersekt, The Financial Authentication Company, today announced the appointment of Tony Bakshi as its new Chief Financial Officer (CFO).

With more than 15 years of payments and enterprise software experience, Bakshi will guide Entersekt's financial strategy, leading the Accounting, Finance, and Legal teams to ensure robust financial health and strategic expansion. In addition to deep financial expertise, Bakshi brings hands-on experience in business operations and scaling global organizations for profitable growth.

"We are thrilled to welcome Tony to our executive team," said Schalk Nolte, CEO and co-founder of Entersekt. "Tony’s extensive experience, particularly in the payments space, combined with his strategic financial leadership, will further help us capitalize on the record-breaking growth Entersekt has experienced over the past two years."

Bakshi joins Entersekt after more than three years with the insurance payment network One Inc., where he served as CFO. Prior to that, he spent nearly nine years at global payments solution provider Elavon, most recently as Vice President Finance.

"This is an incredibly exciting time to be joining Entersekt. The company has award-winning, market-leading technology, top-tier financial institution customers around the world, solid financials, and a proven leadership team," added Bakshi. "I’m thrilled for the opportunity to help the team during our next phase of growth."

About Entersekt

Entersekt, The Financial Authentication Company, provides financial institutions with digital banking fraud prevention and payment security solutions through its cross-channel, Context Aware™ Authentication platform that secures digital transactions and optimizes user experiences. Founded in 2010, Entersekt serves financial institutions around the world, and holds 120+ patents for its security innovations. In 2023, Entersekt acquired the Modirum 3-D Secure software business from Modirum, a security technology firm based in Helsinki, Finland, positioning Entersekt as a global industry leader in authentication solutions for financial services. Entersekt processes 2.5bn+ transactions for 250m+ cardholders and 450,000+ merchants from nearly 900 banks in 70+ countries. Backed by companies like Silicon Valley-based Accel-KKR, one of the world’s top private equity firms, Entersekt continues to expand its footprint across key regions. For more information, visit entersekt.com.