identity is core fintech – Innovative payments platform
No-code identity for the AI era.
Cut fraud and launch onboarding faster, without building auth.
Descope lets teams add login, passwordless, multi-factor checks, and user management straight into their apps: no custom sign-up flows, no months of security plumbing.
Already used by 1,000+ organizations and millions of end users, it helps startups and enterprises protect accounts without hiring identity specialists.
The company closed a $35 million seed extension from Notable Capital, Lightspeed, Dell Technologies Capital, Unusual Ventures, Cerca Partners, and Triventures, bringing its total seed financing to $88 million, and announced an advisory board with leaders from Databricks, GoFundMe, GoodRx, and MongoDB.
The new funding also backs research into agentic identity, giving AI agents the same secure credentials and audit trails as humans.
Founded by eight co-founders, Slavik Markovich, Rishi Bhargava, Dan Sarel, Guy Rinat, Aviad Lichtenstadt, Doron Sharon, Meir Wahnon, and Gilad Shriki, the team previously built incident-response pioneer Demisto.
We handpick one fintech startup every day. Don't miss the next one.
What will you build when login is this simple?
#FintechOfTheDay #cybersecurity #AI
Photo: Descope (press image).
Why we picked it as infrastructure. Payments and banking apps must prove who's behind a transaction (e.g., Strong Customer Authentication under PSD2). Descope ships passkeys, risk-based MFA, and auditable customer identity so teams can secure onboarding and approvals without building an auth stack from scratch.
Register and become part of the FinTech Builders Community. Join fellow innovators and see the value of being part of our community!
