Myki, a Beirut-based startup has secured $4 million in Series A funding. The round which saw investments flying in from the likes of BECO Capital, B&Y Venture Partners, and Lebanese VCs LEAP Ventures, making the total disclosed investment a significant $5.2 million.
The startup which was founded by Antoine Vincent Jebara and Priscilla Elora Sharuk in 2015 offers a free mobile app (available on both iOS and Android) to store and manage your passwords, ID cards, credit cards, and notes. What’s unique about it though, is the fact that you can save all of this information offline on your phone, making it nearly impossible for hackers to steal your data. “Our mission for the next two years is to build the infrastructure required on all levels to keep growing fast the way we have been for the past 12 months and become a world leader in decentralized identity management.” Antone Jebara, CEO of Myki commented.
There are currently 250,00 users from all around the globe that uses Myki, and it was even featured as one of the Most Powerful Password Managers by iTunes. “We are firm believers that online security and data privacy is not a privilege, it is a right, and that is why at Myki, we empower our users with the tools to securely manage their digital identity.” Co-founder and COO, Priscilla Sharuk said.