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How they describe themselves: Basis Theory is the simplest way for developers to secure and work with sensitive data. Good privacy and data security practices shouldn’t slow development, so its data tokenization API provides a developer-first approach to ingesting and using any high-risk data, like credit cards or PII. These tools help organizations navigate regulatory requirements – from GDPR to PCI-allowing developers to stop compromising on security and get back to building value! Basis Theory is PCI Level 1 and SOC 2 compliant and raised over $17 million.

How they describe their product/innovation: Good privacy, compliance, and security practices shouldn’t limit development or delay your time to market.
Basis Theory provides developers a secure and compliant (PCI Level 1, SOC 2) environment for interacting with their most sensitive data. In this 7-min demo, we show how an organization might use the platform to
• Collect sensitive data without it touching their internal systems
• Conduct KYC using Alloy
• Initiate a bank transfer using Dwolla
• Query their sensitive data without decrypting it

Product distribution strategy: Direct to Business (B2B)

Contacts:

Bus. Dev.: Brian Billingsley (COO), bb@basistheory.com
Press: Jordan Lampe (Head of Marketing & Growth), jordan.lampe@basistheory.com