The Straits Times and Statista recognises V-Key as Singapore's 3rd Fastest Growing Company

Singapore, 26 February, 2019 –

V-Key, a leading provider of internationally-acclaimed digital security solutions, was ranked 3rd place in the inaugural “Fastest Growing Companies in Singapore” conducted by The Straits Times and Statista.The list honours companies with innovative offerings who have made remarkable progress in globalising their brand. V-Key’s breakthrough V-OS Virtual Secure Element, used by fast-growing companies and forward-looking government agencies around the world, has defined the way organizations design their digital services with strong security, without sacrificing ease of use.V-Key’s rise is well-known in Singapore, its home base, where its technology is a key part in projects with the Singapore government and major local banks. Bolstered by the support and endorsement through the government’s Accreditation@SGD programme, V-Key’s V-OS is a mainstay in many of the widely-used mobile applications in Singapore, where it is used as an authentication and anti-malware solution.
Today, V-Key’s solutions are deployed in international markets like Saudi Arabia, Thailand, The Philippines, and Japan, where it is used in the banking and payments space.

With its globally-certified security architecture and tightly integrated solution, V-Key has enabled its clients to surpass regulatory and business requirements, allowing for faster deployment. In light of rapidly proliferating cyber threats, adoption of V-Key’s mobile security technology is set to pick up pace in the year ahead, especially in the finance and government sectors.###As a homegrown Singaporean company, V-Key is privileged to have the support from the Singapore government and its agencies in establishing its credentials and paving the way for its international expansion activities.

Our title as an SG:D accredited company by the Infocomm Media Development Authority of Singapore (IMDA) has been vital in positioning us as a qualified contender to government and large enterprise buyers. The strict evaluation criteria of the Accreditation@SGD programme provides prospective clients with the assurance of V-Key’s ability to deliver and the robust nature of its product. Enterprise Singapore has also been instrumental in our global expansion plans with its large ecosystem of key contacts and partnerships.


Read the press release and see the official ranking on The Straits Times.



“Singapore’s Fastest Growing Companies” is a maiden project by The Straits Times and is being conducted jointly with Statista, an international market research company based in Hamburg, Germany.

Statista, which was involved previously in similar corporate rankings in Britain, France, Switzerland and Germany, has provided business intelligence and research on more than 80,000 topics.

The Straits Times, the English flagship daily of the Singapore Press Holdings Limited (SPH) is the most read newspaper in Singapore with a readership of more than 1.3 million for print and digital combined.

In celebration of the spirit of innovation that enables companies to expand and grow, and in conjunction with its 173rd anniversary, this special publication is part of The Straits Times’ initiative to celebrate growth champions that have managed to grow in a fast paced and difficult business environment.



V-Key is a global leader in software-based digital security. V-Key’s pioneering mobile technology powers ultra-high-security solutions for mobile identity, authentication, authorization, and payments for major banks, payment gateways, and government agencies.
V-Key is the inventor of V-OS, the world’s first virtual secure element that uses advanced cryptographic and cybersecurity protections to comply with standards previously reserved only for expensive hardware solutions.

V-OS enables digital leaders to create powerful customer experiences that combine high security and delightful convenience. V-OS is FIPS 140-2 Validated (US NIST), is currently undergoing Common Criteria certification, and is an SG:D Accredited company under the Infocomm Media Development Authority of Singapore (IMDA). V-OS has been the subject of multiple rigorous penetration tests and has been stress tested by e-commerce players, government agencies, regulatory bodies and financial services companies.


Other news:
Razer Pay and V-Key announce strategic partnership to boost digital security

Razer Pay and V-Key inked a Memorandum of Understanding (MOU) to foster strategic collaboration over digital identity and e-payments.

Paidy selects V-Key to secure its App-based instant post-pay credit service for Japanese Consumers

As Paidy, a Japanese payments company providing instant post-pay credit service expands their payment offerings and merchant touchpoints, they recognized the need for a fast and seamless payment experience. V-Key’s pioneering mobile security technology gives the Paidy team the confidence that they are future-proofing their mobile strategy and ensuring the integrity of their consumers’ data.

Joint technologies of LiveBank’s virtual branch and V-Key’s security and biometrics, to hit the banking industry

A partnership agreement just signed between V-Key, with its patented Virtual Secure Element, and Ailleron, the owner of LiveBank, which offers cutting-edge technologies, will bring a new dimension to digital bank onboarding worldwide.

Assurity Partners V-Key For New Mobile Software Authentication Solution

V-Key partners Assurity to bring convenience to security

The Nilson Report: Software “Chip” to secure mobile payment
V-Key Partners with Ant Financial To Secure Mobile Payments

Singapore-based V-Key works with global payments and e-commerce companies, banking and financial institutions and government bodies to protect the personal and financial data of their mobile customers.

Singapore takes bold strides in Fintech journey

Boosting collaboration will help build vibrant ecosystem where innovation will drive economy

Building a pipeline of talent through Partnerships

Continuous partnerships with institutes of higher learning give V-Key Pte Ltd easy access to talent for future growth

V-Key receives Accreditation boost from IDA

Mobile security company V-Key is among the first few innovative tech product companies to receive accreditation from IDA.


Mobile Security a growing market

Security companies are trying to keep pace with the rapid evolution of mobile devices. Recent incidents of cyber attacks and breaches have raised awareness of the need to enhance security. Industry players have said this presents an opportunity for them to step up and offer solutions.


What is the key to building a Fort Knox for the Mobile Payment space?

Benjamin Mah, Co-founder and CEO of mobile security startup V-Key, believes that virtualising robust physical security systems is the answer.


V-Key Mobile Security solutions accredited by Singapore Government

V-Key, pioneer and inventor of mobile Virtual Secure Element has been accredited by the Infocomm Development Authority of Singapore (IDA) under the Accreditation@IDA programme, certifying V-Key’s V-OS Virtual Secure Element and V-Guard Mobile Application Protection solutions.


ChinaPnR and V-Key Strategic Alliance: Securing more than One million merchants in China

Leading financial payment provider China Payment and Remittance Service Co., Ltd. (“ChinaPnR”) formed a strategic partnership with international pioneer in mobile security and cryptographic technology, V-Key Inc. (“V-Key”).


V-Key receives US$12M in Series B Funding from Ant Financial Services group investment

Ant Financial Services Group (Ant Financial), operating company of Alipay, and existing investor venture capital firm, IPV Capital, make a USD12 million Series B investment for a minority stake in V-Key.

V-Key Inc selected as Innotribe Startup Finalist

V-Key selected as a finalist at the SWIFT Innotribe Startup Challenge Regional Showcase to compete at Sibos 2013 in Dubai.


V-Key’s executive team expands with addition of cybersecurity veteran Tony Chew as Chief Security Architect

V-Key, a global leader in software-based digital security, today announced the appointment of Tony Chew to the position of Chief Security Architect.  Tony will spearhead V-Key’s engagement with banking regulators and financial institutions in Asia.


V-Key secures US$4 Million Series A Funding from IPV Capital

V-Key Inc. secures Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.