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.

Company Growth (employees)
Stockholm, SE
Size (employees)
3 (est)
Accumulate was founded in 2004 and is headquartered in Stockholm, SE

Accumulate Office Locations

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

Accumulate Data and Metrics

Summary Metrics

Founding Date


Total Funding

$12.1 m

Latest funding size

$10 m

Time since last funding

about 5 years


Accumulate's latest funding round in June 2012 was reported to be $10 m. In total, Accumulate has raised $12.1 m

Accumulate Financial Metrics

Accumulate's revenue was reported to be kr4.9 m in FY, 2015 which is a 59% decrease from the previous period.

Revenue (FY, 2015)

4.9 m

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


Net income (FY, 2015)

(19.5 m)

EBITDA (FY, 2015)

(19.2 m)

EBIT (FY, 2015)

(19.5 m)

Cash (31-Dec-2015)

804.6 k
SEKFY, 2013FY, 2014FY, 2015


13.3 m12 m4.9 m

Revenue growth, %


Sales and marketing expense

12.6 m13.5 m12 m

General and administrative expense

5.1 m16.8 m8.5 m

Operating expense total

5.1 m4.4 m3.3 m

Depreciation and amortization

277.6 k296 k


(19 m)(27 m)(19.2 m)

EBITDA margin, %



(19.3 m)(27.2 m)(19.5 m)

EBIT margin, %


Interest expense

2.1 k8.3 k

Interest income

14 k454

Pre tax profit

(24.7 m)(27.2 m)(19.5 m)

Net Income

(24.7 m)(27.2 m)(19.5 m)
SEKY, 2013Y, 2014Y, 2015


6.5 m804.6 k

Total Assets

16.7 m12.1 m13.4 m

Total Debt

33 k

Total Liabilities

4.9 m6.8 m8 m
SEKY, 2015


271.1 k

Traffic Overview of Accumulate

Accumulate News and Updates

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Accumulate Company Life and Culture

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