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

• Growing demand for tokenization solutions boosts VGS's market potential.
• Partnerships in emerging markets expand VGS's reach and service offerings.
• Increased regulatory focus on data privacy drives demand for VGS's solutions.

What critics are saying

• DOJ lawsuit against Visa may impact VGS's compliance requirements.
• Geopolitical risks in Africa and the Middle East could affect VGS's operations.
• New CEO Chuck Yu may lead to strategic shifts misaligned with market demands.

What makes Very Good Security unique

• VGS offers a unique tokenization API for secure data redaction and revelation.
• Their scalable pricing model supports businesses from startups to large corporations.
• VGS's partnership with Onafriq enhances security for fintechs in Africa and the Middle East.

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