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)
5 (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 Metrics

Summary Metrics

Founding Date


Total Funding

$12.1 m

Latest funding size

$10 m

Time since last funding

almost 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

Revenue (2015)

kr4.9 m

Revenue growth (2014-15), %


Net income (2015)

(kr19.5 m)

Cash (31-Dec-2015)

kr804.6 k
Accumulate's revenue was reported to be kr4.9 m in FY, 2015 which is a 59.3% decrease from the previous period.
FY, 2013FY, 2014FY, 2015


kr13.3 mkr12 mkr4.9 m

Revenue growth, %


Sales and marketing expense

kr12.6 mkr13.5 mkr12 m

General and administrative expense

kr5.1 mkr16.8 mkr8.5 m

Operating expense total

kr5.1 mkr4.4 mkr3.3 m

Depreciation and amortization

kr277.6 kkr296 k


(kr19 m)(kr27 m)(kr19.2 m)

EBITDA margin, %



(kr19.3 m)(kr27.2 m)(kr19.5 m)

EBIT margin, %


Interest expense

kr2.1 kkr8.3 k

Interest income

kr14 kkr454

Pre tax profit

(kr24.7 m)(kr27.2 m)(kr19.5 m)

Net Income

(kr24.7 m)(kr27.2 m)(kr19.5 m)
Y, 2013Y, 2014Y, 2015


kr6.5 mkr804.6 k

Total Assets

kr16.7 mkr12.1 mkr13.4 m

Total Debt

kr33 k

Total Liabilities

kr4.9 mkr6.8 mkr8 m

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