VGS has raised $105.0M in total across 4 funding rounds.
VGS's investors include 11.2 Capital, Andreessen Horowitz, Bloomberg Beta, Cervin Ventures, Chemistry VC, Daffy, Felicis Ventures, FPV Fund, Heavybit, Insight Partners, Lead Edge Capital, Rembrandt Venture Partners.
VGS (Very Good Security) is a San Francisco-based payments infrastructure company founded in 2015, recognized as the world's leader in payment tokenization and trusted credential management.[1][2][3] It provides a cloud-based platform that securely stores sensitive data like card details, bank accounts, and PII, enabling businesses to handle payments without PCI compliance burdens, while offering tools for card management, multi-PSP orchestration, network tokens, and fraud reduction.[1][2][5] Serving Fortune 500 companies, merchants, fintechs, and banks, VGS solves critical challenges in payment acceptance, data security, and compliance, allowing clients to boost authorization rates, streamline operations, and enhance user experiences across industries.[1][2][3]
The platform's composable Card Management Platform and PCI-compliant Vault give businesses full ownership and insights into payment data, integrating seamlessly with existing tech stacks to drive revenue growth and reduce risks.[1][5]
VGS was founded in 2015 by Marshall Jones, its CTO and co-founder, an experienced fintech engineer who previously served as VP of Engineering at Balanced Payments (acquired by Stripe), where he built innovative products and scalable infrastructure.[1] The company emerged to address growing needs in secure payment handling amid rising data security and compliance demands in fintech.[4] Key early milestones include a $35 million Series B round in 2019 led by Goldman Sachs, followed by investments from Visa and backers like Andreessen Horowitz and PayPal co-founder Max Levchin, which accelerated its expansion and partnerships.[4] Visa's involvement, including VGS as a launch partner in its Fintech Fast Track program, validated its role in enabling agile data security for regulated environments.[4]
VGS rides the surge in fintech innovation and cybersecurity demands, where global spending on cybersecurity exceeded $1 trillion cumulatively from 2017-2021, driven by rising data breaches and regulations like PCI.[4] Its timing aligns with the shift to omnichannel payments, agentic commerce, and multi-PSP strategies, enabling fintechs to innovate without security bottlenecks.[1][5] Market forces favoring VGS include exploding digital wallet adoption, card issuance growth, and compliance pressures, positioning it as critical infrastructure that "gives companies the benefits of sensitive data interaction without the liability."[4] By partnering with Visa and empowering platforms, VGS influences the ecosystem, fostering secure scaling for merchants and accelerating fintech agility.[4][5]
VGS is poised to dominate as payment tokenization becomes table stakes in a world of rising AI-driven fraud and global regulations. Expect expansion into agentic commerce, deeper network token integrations, and more Visa-like alliances to capture share in the $100B+ payments infrastructure market. Trends like real-time payments and embedded finance will amplify its momentum, evolving VGS from a security enabler to a full revenue-orchestration powerhouse—securing its lead in revolutionizing sensitive data handling.[1][4][5]
VGS has raised $105.0M across 4 funding rounds. Most recently, it raised $60.0M Series C in December 2020.
