Tower Capital Asia announces majority investment in V-Key - a leader in digital identity and mobile application security
SINGAPORE, Feb. 12, 2026 /PRNewswire/ -- Tower Capital Asia ("TCA") is pleased to announce a strategic majority investment in V-Key ("the Company"), an Asia-Pacific focused provider of digital identity and Mobile Application Protection and Security ("MAPS") solutions.
The investment reflects TCA's conviction in V-Key's strong technology leadership and deep product capabilities, amid the growing importance of secure, seamless digital experiences across financial services and the broader digital economy. V-Key's end‑to‑end platform helps banks, fintechs, and enterprises securely onboard users, authenticate access, and protect mobile applications and transactions.
Today, V-Key's technology supports and protects over 300 applications for customers across 15 countries, including several of the largest financial institutions in Asia-Pacific. Built on a software‑based security architecture, the platform is designed for efficient deployment and scalability, supporting institutions as they expand digital services across Asia-Pacific and international markets.
"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."
Looking ahead, the partnership will focus on accelerating product innovation, strengthening V-Key's regional presence, and deepening relationships with financial institutions and digital platforms as demand for secure, mobile‑first digital services continues to grow. TCA will work alongside the leadership team to support organic growth and strategic initiatives, with a focus on long‑term value creation.
"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."
About Tower Capital Asia
Established in 2016, Tower Capital Asia is a mid-market private equity firm based in Singapore. Backed by global expertise and anchored in Asian values, the firm has led investments in the privatisation and / or buyout of Southeast Asian businesses – such as AXS, BoardRoom, Eu Yan Sang and I Can Read – in close partnership with business sponsors. As of 30 September 2025, the firm manages assets of more than US$900 million in investments and commitments across all vehicles. For more information on the firm, please visit www.towercapitalasia.com.
About V-Key
Founded in 2011, V‑Key provides digital identity, authentication, and mobile application security for banks, enterprises, and government‑linked organisations. Its AI-powered platform enables secure onboarding, access, and transaction protection across mobile environments and is built around the patented V‑OS Virtual Secure Element and V-OS App Identity — delivering hardware‑grade security in software for deployments in regulated digital markets across Asia and beyond. For more information on the Company, please visit www.v-key.com.
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