OTPless, an authentication and access management platform has raised $3.5 Mn in its pre-Series A funding round led by SIDBI, along with participation from Venture Highway, FJ Labs and Piper Serica.

As per the startup, funding will be used to expand its global presence and service beyond authentication and into authorization. It will also deploy the proceeds to challenge established players such as Auth0, Clerk, Stytch, Descope, and Transmit Security. 

OTPless | An Authentication and Access Management Platform

Founded by Koladiya, Tanmay Sagar, and Satyam Nathan, founding members of fintech unicorn BharatPe, OTPless eliminates the need for One-Time Passwords (OTPs). Instead, OTPless enables users to sign up and sign in on websites and apps via WhatsApp and other methods, offering a seamless and secure authentication experience.

The startup provides with a platform that supports various social sign-in methods, including Google, iMessage, Microsoft, Github, Slack, UPI and modern protocols like Passkeys, Network Auth, Protected SMS and Device fingerprinting. Developers can easily integrate OTPless’s SDKs and APIs, going live within minutes with the help of pre-built UIs or customise from scratch.

Speaking about the development, Bhavik Koladiya, co-founder and chief executive officer of OTPless, said,

“Our vision is to revolutionise user authentication by making it simpler, faster, and more secure. This funding will help us scale our operations and enhance our technology to meet the growing global demand”.

OTPless also has some plans to introduce new features and integrations that will further simplify the authentication process for users and developers. These include additional social sign-in options, enhanced biometric authentication methods, passkeys, adaptive auth and advanced security features to protect against emerging threats.

Furthermore, OTPless secured $6.5 Mn to date. In February last year, the Surat-based startup raised $2.7 Mn in its seed funding round from Neeraj Arora, Kunal Shah, Amrish Rau, Jitendra Gupta, Utsav Somani, Amit Jain, Fabrice Grinda, and Luke Skertich.

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