Oxford spins-out mobile payment app developer OxCept with backing from US and UK militaries.

Oxford University has spun-out OxCept, a mobile payments app developer, with over £1m ($1.61m) in funding from both the UK and US’ militaries.

The developer’s main product, also called OxCept, utilises military-level cryptography tested by the UK’s Ministry of Defence.

The app uses technology developed at the University for five years, and has been peer reviewed by other institutions. It will be available for free within six months for iOS, Android, and Windows Phone, with profits raised via a $.0.05…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?