Evervault Inc.

Evervault Inc. is a Dublin-based company specializing in payment security solutions that enhance the management of sensitive payment data through innovative tokenization services. Founded in 2019 in Dublin, Ireland, Evervault offers a secure platform for tokenizing sensitive payment information. The company, led by CEO Shane Curran, raised USD 16 mn in Series A funding on May 21, 2020, with Index Ventures as the lead investor alongside Frontline, Kleiner Perkins, and Sequoia Capital.

Evervault has completed 2 deals to date. Evervault specializes in payment security solutions, primarily offering a set of products designed to simplify and enhance the management of sensitive payment data. Their core offerings include a flexible tokenization service that allows businesses to easily tokenize card information, ensuring compliance with PCI standards while minimizing the risks associated with data breaches. Evervault's platform enables clients, such as booking aggregators and financial platforms, to securely store and process card data without exposing raw card numbers.

The service facilitates the seamless sharing of tokenized payment data with third-party partners, thereby optimizing payment costs and acceptance rates by allowing users to route transactions through multiple payment processors. Evervault primarily serves customers across North America and Europe, catering to various sectors including e-commerce, travel, and financial services. Evervault generates revenue through a subscription-based pricing model that offers scalable access to its security solutions. Clients typically engage with the company through annual contracts for access to its tokenization and card management services.

Each subscription tier may offer different levels of access based on transaction volume or additional features, ensuring flexibility to meet the needs of varying sizes of businesses, from startups to established enterprises. The firm also partners with third-party payment processors, where transaction fees are structured based on the volume of transactions processed through its platform. The transactional structure emphasizes a B2B approach, focusing on providing secure payment solutions to businesses that handle sensitive financial data, thus establishing Evervault as a critical partner in their clients' operations. In the future, Evervault plans to expand its product offerings and target new markets across Europe and North America.

In March 2026, Evervault Inc. raised USD 25 million in series B funding led by Ribbit Capital, with participation from Operator Partners, Kleiner Perkins, Index Ventures, and Sequoia Capital. The company plans to utilize the March 2026 funding for encryption infrastructure expansion and product development.