Evervault, the Dublin-and-New York-based security startup, launched a card payments product designed to encrypt and orchestrate card data so it never appears in plaintext within customer systems, featuring built-in 3D-Secure, network tokens and card-data enrichment.
The company announced a €21 million Series B on March 5, 2026, led by Ribbit Capital with Sequoia and Index Ventures, and said the product connects to more than 7,000 banks and financial institutions. Its platform is developer-focused and combines encryption with authentication and tokenization in a single integration to reduce surfaces where fraud and compliance costs arise.
Evervault reported that customers cut PCI compliance expenses and accelerated time-to-compliance, and the firm said the funding will expand encryption infrastructure and product development amid tighter EU payment and data rules.
Encrypted Payment Orchestration Platforms
Evervault Announces its Card Payments Product
Trend Themes
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Encrypted Payment Orchestration — Platforms that encrypt and orchestrate card data end-to-end create environments where merchants never handle plaintext, reducing fraud exposure and compliance scope.
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Developer-centric Security Platforms — A focus on single-integration security tools streamlines engineering workflows and embeds cryptography, authentication, and tokenization into application development lifecycles.
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Tokenization and Network Tokens — Widespread adoption of tokenization and network tokens shifts transaction risk away from raw card data and enables new modes of secure recurring and cross-channel payments.
Industry Implications
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Payments Infrastructure — Core routing, gateway, and orchestration providers can be transformed by embedded encryption and bank connectivity that reduce PCI burden and broaden global acceptance.
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Fintech Compliance Services — Regulatory-compliance consultancies and tooling benefit from platformized encryption that standardizes controls across merchants and simplifies auditability under tightening EU rules.
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Banks and Payment Service Providers — Issuers and PSPs that integrate tokenization and encrypted rails may offer differentiated, lower-risk acquiring and issuing services with reduced liability exposure.