OverviewSuggest Edit

With its client security elements that enables secure authentication of the User with a software application, Accumulate is at the forefront of the industry. By utilizing RSA keys, unique app IDs, IMEI (serial number of the phone), MSISDN (phone number), SIM and PIN verifications, it is possible to create a software solution that is as secure as any hardware. By taking advantage of the mobile internet, it is possible for an Issuer to authenticate the User in real-time and on every transaction. The recently implemented voice verification, which enables a 3rd factor authentication, is further increasing the overall security of the solution.
Accumulate's high security level is not only achieved through a secure client but also via unique and patented secure processes and methods. Accumulate uses dual-line communication. Two channels separately connected when the mobile phone is communicating with either a point of sale terminal or computer. This allows a transaction to be completed without the need to enter sensitive information at the recipient, which is usually the most exposed part during a transaction. Dual-line communications also diminish the threats of man-in-the-middle attacks and phishing.

TypePrivate
Founded2004
HQStockholm, SE
Websiteaccumulate.se

Latest Updates

Employees (est.) (Apr 2021)1
Revenue (FY, 2015)KR4.9 M(-59%)
Cybersecurity ratingAMore

Accumulate Office Locations

Accumulate has an office in Stockholm
Stockholm, SE (HQ)
20 Lästmakargatan
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Accumulate Financials and Metrics

Summary Metrics

Founding Date

2004

Accumulate total Funding

$12 m

Accumulate latest funding size

$10 m

Time since last funding

9 years ago

Accumulate investors

Accumulate's latest funding round in June 2012 was reported to be $10 m. In total, Accumulate has raised $12 m
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Accumulate Revenue

Accumulate's revenue was reported to be kr4.88 m in FY, 2015 which is a 59.3% decrease from the previous period.
SEK

Revenue (FY, 2015)

4.9m

Revenue growth (FY, 2014 - FY, 2015), %

(59.3%)

Net income (FY, 2015)

(19.5m)

EBITDA (FY, 2015)

(19.2m)

EBIT (FY, 2015)

(19.5m)

Cash (31-Dec-2015)

804.6k
SEKFY, 2013FY, 2014FY, 2015

Revenue

13.3m12.0m4.9m

Revenue growth, %

(10%)(59%)

Sales and marketing expense

12.6m13.5m12.0m

General and administrative expense

5.1m16.8m8.5m
SEKY, 2013Y, 2014Y, 2015

Cash

6.5m804.6k

Total Assets

16.7m12.1m13.4m

Total Debt

33.0k

Total Liabilities

4.9m6.8m8.0m
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Accumulate Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Accumulate Online and Social Media Presence

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Accumulate News and Updates

Laboratory Equipment Service Market Poised to Accumulate USD 29.8 Billion by 2028 | Escalating Number of Clinical, Research, and Diagnostic Laboratories Worldwide will Drive the Industry Growth, says Emergen Research

Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Merck Millipore, Danaher Corporation, Hettich Instruments, Waters Corporation, Agilent Technologies, Siemens Healthineers, PerkinElmer Inc., Mindray Medical International Limited, Pace Analytical Services, Inc., Sartorius AG, Eppendorf AG, a…

Global C-RAN Market Anticipated to Accumulate a Revenue of $1,610.9 Million at a CAGR of 10.4% during the Forecast Period, 2019 to 2026 - [180 pages] Exclusive Report by Research Dive

The global C-RAN market is going to experience a positive growth during the forecast period. Centralization technology segment expected to be the most lucrative. Service, Large public venues, and 5G network segments are expected to be the most profitable. North America will dominate the market. The …

Soda Ash Market Expected to Accumulate USD 37.51 Billion by 2027 | Augmenting Demand in the Food & Beverage and Chemical Industries will be the Key Factor Driving the Industry Growth, says Reports and Data

Technological advancements in production processes, boom in the food & beverage and chemical industries, and increased capacities of manufacturing plants are among the primary Soda Ash market growth drivers. Technological advancements in production processes, boom in the food & beverage and …

Thermal Interface Materials Market Foreseen to Accumulate USD 2.67 Billion by 2027 | IT & Telecom Industry has Emerged as the Leading Market Segment Among the Various End-Use Industries, says Reports and Data

Surging demand for consumer electronics, rising demand for advanced technologies, and the growing adoption of energy-efficient solutions are key parameters fueling the thermal interface materials market growth. Surging demand for consumer electronics, rising demand for advanced technologies, and the…

Heparin Market is Expected to Accumulate Revenues Worth US$16.3 Billion by 2025 - TMR

ALBANY, New York, Aug. 14, 2019 /PRNewswire/ -- The global Heparin Market is prognosticated to witness a substantial growth at 6.2% of CAGR over the forecast period 2017 to 2025, finds the forthcoming report by Transparency Market Research (TMR). The global heparin market registered...

FMCG Stocks: What To Accumulate & What To Avoid?

FMCG Stocks: What To Accumulate & What To Avoid?
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Accumulate Frequently Asked Questions

  • When was Accumulate founded?

    Accumulate was founded in 2004.

  • How many employees does Accumulate have?

    Accumulate has 1 employees.

  • What is Accumulate revenue?

    Latest Accumulate annual revenue is kr4.9 m.

  • What is Accumulate revenue per employee?

    Latest Accumulate revenue per employee is kr4.9 m.

  • Who are Accumulate competitors?

    Competitors of Accumulate include CloudPay, FreedomPay and Quisk.

  • Where is Accumulate headquarters?

    Accumulate headquarters is located at 20 Lästmakargatan, Stockholm.

  • Where are Accumulate offices?

    Accumulate has an office in Stockholm.

  • How many offices does Accumulate have?

    Accumulate has 1 office.