FiTeq

FiTeq is a leading player in the hardware industry, founded in 2009 and headquartered in Tiburon, California. With the slogan "Experience unparalleled payment security and convenience with advanced fraud-fighting solutions, providing dynamic authentication for every transaction," FiTeq specializes in creating card solutions that prioritize protecting payment data through individual transaction authentication. Their innovative technology alters the magnetic stripe data on the card during use, generating a new, transaction-specific code to prevent fraud. The company offers a range of products, including SecurTeq, designed to avoid counterfeit card fraud by generating a unique code for every transaction; MultiTeq, offering the convenience of multiple payment account options in a single card; and TagTeq, providing buttons that allow users to 'tag' transactions for better statement organization. These solutions are utilized in cards and NFC devices issued by U.S. banks. FiTeq's commitment to cutting-edge fraud prevention and payment security attracted a significant $46.59M Venture Round investment on 17 November 2017. The company's notable capabilities and potential for continued growth make it an intriguing prospect for venture capital investors.