Tower Capital Asia has made an undisclosed strategic majority investment in V-Key, a provider of digital identity and mobile application protection and security solutions in the Asia-Pacific.
According to a company announcement on Thursday (Feb. 12), the partnership will accelerate product innovation, expand V-Key’s regional presence, and strengthen ties with financial institutions and digital platforms amid growing demand for secure, mobile-first services.
V-Key’s technology secures over 300 applications for customers in 15 countries, including some of the largest financial institutions in Asia-Pacific. Its software-based architecture enables efficient deployment and scalability, supporting institutions as they expand digital services across the region and internationally.
Founded in 2011, V-Key provides digital identity, authentication, and mobile application security for banks, enterprises, and government-linked organisations.
Its AI-powered platform, built on the patented V-OS Virtual Secure Element and V-OS App Identity, delivers hardware-grade security in software for secure onboarding, access, and transactions across mobile environments in regulated digital markets in Asia and beyond.
Tower Capital Asia, a mid-market private equity firm based in Singapore, has led privatisations and buyouts of Southeast Asian businesses such as AXS, BoardRoom, I Can Read, and Eu Yan Sang in close partnership with business sponsors. It manages over $900 million in investments and commitments across all its vehicles as of September 30, 2025.
In August 2024, the firm announced an unspecified investment in specialty chemicals distributor WWRC Holding and in October 2024 picked up a majority stake in Kids Element Education, one of the largest indoor playground companies in the city-state, also known commercially as Kiztopia.
“Secure digital identity has become foundational to how financial institutions and digital platforms serve customers,” said Danny Koh, Founder and CEO of Tower Capital Asia. He added that V-Key has built a robust platform enabling organisations to manage identity, authentication, and mobile app security at scale, with a proven track record in highly regulated environments.
