Wultra

Wultra is a Czech cybersecurity company founded in 2014 by Petr Dvořák, who currently serves as the CEO. Dvořák's background includes co-founding the mobile application development firm Inmite, which was later acquired by Avast. Following the acquisition, he led the innovation incubator for Avast's mobile division before establishing Wultra. He is also a co-author of the Czech QR Platba standard for QR code payments.

The company specializes in providing security solutions for the financial sector, including banks and fintech companies. Wultra's business model is centered on offering both software and hardware designed to protect against current and future cyber threats, with a particular focus on the anticipated risks posed by quantum computing. Its client base includes major European financial institutions such as Raiffeisen Bank International, Erste Group, OTP Bank, and Global Payments.

Wultra’s product suite is designed to secure digital banking on mobile and web platforms. Key offerings include PowerAuth, a multi-factor authentication (MFA) solution, and Malwarelytics for in-app threat detection. The company also provides Talisman, a hardware authenticator, and advanced facial biometrics for customer onboarding and app activation. Their technology utilizes quantum-resistant cryptography to provide secure, passwordless access to digital services while adhering to global regulatory standards like PSD3 and eIDAS 2.0. Features such as biometric logins, PIN codes, QR code scanning, and push notifications enable clients to integrate secure authentication into their platforms.

In January 2025, Wultra raised €3 million in a Series A funding round led by Tensor Ventures, with participation from Elevator Ventures and J&T Ventures. This capital is intended to accelerate the development of its post-quantum authentication technology and support its expansion into Western Europe and Southeast Asia, with plans to open an office in Singapore in 2025.

Keywords: cybersecurity, post-quantum authentication, financial security, fintech, multi-factor authentication, mobile banking security, quantum-resistant cryptography, digital identity, authentication solutions, passwordless authentication, regulatory compliance, open-source software, threat detection, hardware authenticator, biometric security, API security, fraud prevention, digital onboarding, PSD3 compliance, eIDAS 2.0