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.) (Jan 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

91/100

SecurityScorecard logo

Accumulate Online and Social Media Presence

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Accumulate News and Updates

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...

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FMCG Stocks: What To Accumulate & What To Avoid?

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DHFL, PNB & Hotel Leela: Accumulate Or Avoid? #AskBQ

As Bayer’s Roundup Cancer Costs Accumulate, Questions Linger About the Wisdom of Its Monsanto Merger

Bayer is facing two multi-million dollar verdicts and 11,300 pending cases over the cancer risk of Monsanto's Roundup weedkiller.

Right Time To Accumulate Britannia & Nestle? #AskBQ

Right Time To Accumulate Britannia & Nestle? #AskBQ

Hindalco & Sun Pharma: Accumulate Or Avoid? #AskBQ

Hindalco & Sun Pharma: Accumulate Or Avoid? #AskBQ
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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 Eckoh, 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.