Basis Theory

Basis Theory’s platform allow organizations to collect, protect, and use their sensitive data without entangling themselves or their systems in heavy, expensive, and ever-changing compliance requirements. Its tokenization platform offers flexibility, simplicity, and access to enable tech teams to build or explore previously impossible financial services, marketplace partnerships, and health products. Basis Theory’s PCI Level 1, SOC2 type 2, and HIPAA-compliant environment and experts, aim to give organizations a continuous security posture while avoiding distractions created by changes in PCI, HIPAA, GDPR, and data residency requirements.

The vendor states Basis Theory is building from first-hand experience at Twilio, Klarna, and Dwolla and has raised over $17 million from investors that include Bessemer Venture Partners and Kindred Ventures.