Tower Capital Asia (TCA) has made a major investment in V-Key, becoming the majority owner of the company.
V-Key is a company focused on the Asia-Pacific region and provides digital identity solutions and mobile app protection and security services.
The investment shows that Tower Capital Asia strongly believes in V-Key and its advanced technology. As digital banking and online services grow, companies need secure and smooth digital experiences, and V-Key provides solutions to meet this demand.
V-Key offers a complete platform that helps banks, fintech companies, and other businesses securely onboard users, verify identities and protect mobile apps and transactions from fraud and cyber threats.
Today, V-Key’s technology protects over 300 applications in 15 countries, including some of the largest financial institutions in the Asia-Pacific region. Its software-based security system is easy to deploy and scalable, helping businesses expand their digital services both regionally and globally.
“Secure digital identity has become foundational to how financial institutions and digital platforms serve customers,” said Mr Danny Koh, Founder and CEO of Tower Capital Asia. “V‑Key has built a robust platform that enables organisations to manage identity, authentication, and mobile app security at scale, with a strong track record in highly regulated environments. We are excited to partner with the team to accelerate product innovation and support the Company’s growth.”
Commenting on the transaction, Mr Eddie Chau, Co‑Founder and Chairman of V‑Key shared, “For over a decade, V‑Key has focused on helping institutions secure digital identity and mobile transactions. As we considered a partner for our next phase of growth, TCA stood out for its long‑term partnership mindset, experience backing founder‑led technology businesses, and regional network.”
Mr. Joseph Gan, Co-Founder and CEO, and inventor of V-OS, the patented Virtual Secure Element currently deployed across more than 500 million mobile devices globally, said “Together we will invest further in strengthening our unified digital identity and mobile application security capabilities – so clients can deploy confidently with speed and scale as their needs evolve.”
“V‑Key operates at the intersection of security, identity, and mobile applications – where execution and compliance standards are exacting,” added Mr Seth Lim, Senior Vice President at Tower Capital Asia. “We see a clear opportunity to support the team as they expand across financial services and adjacent digital sectors.”
Founded in 2016, Tower Capital Asia is a mid-sized private equity firm based in Singapore. The firm combines global experience with strong Asian business values. It has invested in and taken private several Southeast Asian companies, including AXS, BoardRoom, Eu Yan Sang, and I Can Read, working closely with business partners.
As of 30 September 2025, the firm manages more than US$900 million in investments and commitments across its funds.
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