VCode
The versatile technology allows genuine users to authorise themselves and authenticate items across a variety of transactions and interactions.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | £11.4m | Late VC | |
| Total Funding | 000k | ||
VCode is a pioneering company that offers a next-generation secure, scannable symbol designed to transform online sales and provide unparalleled fraud protection. Operating in the digital security and e-commerce markets, VCode serves a diverse range of clients including retailers, financial institutions, and individual consumers. The company's core product, VCode, is a two-dimensional code that links the physical world to digital transactions, enabling secure and rapid impulse purchasing within 6 seconds. VCode's digital wallet feature allows users to store membership cards, purchase information, and tickets, enhancing convenience and security. The business model revolves around licensing its technology to businesses and offering a subscription-based service for individual users. Revenue is generated through licensing fees, subscription plans, and transaction fees. VCode's unique selling proposition lies in its closed-loop security system, which ensures that only VSTE database servers can generate valid codes and only the VCode app can decrypt them. This system offers virtually unlimited variations, providing improved traceability and security.
Keywords: digital security, e-commerce, impulse purchasing, fraud protection, traceability, digital wallet, secure transactions, licensing, subscription service, closed-loop security.