About

Very Good Security provides a security infrastructure that helps businesses protect sensitive data, such as credit card information and social security numbers, while allowing them to focus on developing their products. Their main offerings include the VGS Vault for secure data storage and a Tokenization API that replaces sensitive data with unique symbols, ensuring that no actual data is stored in the event of a breach. This approach helps clients avoid vendor lock-in, reduce transaction fees, and increase transaction volumes. VGS serves a wide range of clients, from small startups to large corporations, and offers scalable pricing that starts free and adjusts as a client's security needs grow. The goal of VGS is to simplify data security and compliance for developers, enabling them to create products without the burden of managing sensitive data.

Simplify's Take

What believers are saying

• Strategic partnerships, such as with Onafriq and Plaid, enhance VGS's market reach and credibility in the fintech and digital finance sectors.
• The appointment of a new CEO, Chuck Yu, and significant funding rounds totaling over $139 million, indicate strong leadership and financial backing for future growth.
• The launch of innovative products like the VGS Payment Optimization suite and VGS Notifications demonstrates VGS's commitment to continuous improvement and customer satisfaction.

What critics are saying

• The highly competitive data security market requires VGS to continuously innovate to maintain its edge over established players.
• Integration challenges with partners and clients could pose risks to seamless service delivery and customer satisfaction.

What makes Very Good Security unique

• VGS's unique tokenization technology ensures that sensitive data is replaced with unique identification symbols, significantly reducing the risk of data breaches.
• Their scalable pricing model allows businesses to start for free and only pay more as their security needs grow, making it accessible for startups and large corporations alike.
• VGS's focus on payment optimization and vendor lock-in avoidance provides clients with greater control over their data security and transaction fees, setting them apart from traditional data security providers.

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