Prague-based Wultra, a startup developing post-quantum authentication and digital identity solutions for banks and fintechs, has secured €6.8 million in Series A funding to accelerate its international expansion and product development.

The round was led by Seventure Partners, with participation from ARIADNEXT founders Marc Norlain and Guillaume Despagne, as well as existing investors J&T Ventures and Elevator Ventures. Wultra's previous round was announced in the beginning of 2025, securing €3 million.

Founded in the Czech Republic, Wultra helps financial institutions replace legacy authentication methods with phishing-resistant, post-quantum technologies designed to improve both security and user experience. The company says the new funding will be used to scale its digital identity platform, accelerate development of digital identity wallet capabilities aligned with the upcoming European Digital Identity Wallet ecosystem, and support expansion into the Middle East and the US. The investment will also fund team growth and strengthen the company's focus on large enterprise customers.

“We see the accelerating need of the global banking industry to deploy post-quantum security solutions already today. Over the last year, Wultra has proven that they are ready to grow internationally,” said Maximilian Schausberger, Managing Director at Elevator Ventures.

The funding comes as financial institutions and governments increasingly prepare for the transition to post-quantum cybersecurity standards amid rising AI-driven identity fraud and new cryptographic requirements. Wultra's platform is designed to support upcoming regulatory frameworks, including PSD3/PSR and eIDAS 2.0.

Expanding its global footprint

The investment follows a year of international growth for the company. In 2025, Wultra expanded into Singapore, growing its presence in Southeast Asia, and says it now serves more than 70 clients across 25 countries. During the same period, the company broadened its product offering beyond authentication to include identity proofing, transaction authorization, and electronic signatures.

"Last year was a highly dynamic period for Wultra. We expanded our product portfolio beyond authentication to cover the broader digital identity journey... We grew our team by nearly 50%, established a presence in Singapore, and now support more than 70 clients across 25 countries worldwide," said founder and CEO Petr Dvořák.

As organizations begin planning long-term migrations to post-quantum cryptography, Wultra aims to position itself as a key provider of next-generation digital identity technologies.

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