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.
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What Makes This Trend Stand Out
- 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.
- Developer-centric Security Platforms
- A focus on single-integration security tools streamlines engineering workflows and embeds cryptography, authentication, and tokenization into application development lifecycles.
- 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.
Sectors Adopting This
- 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.
- Fintech Compliance Services
- Regulatory-compliance consultancies and tooling benefit from platformized encryption that standardizes controls across merchants and simplifies auditability under tightening EU rules.
- 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.
