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Have you ever wondered where your data really goes when you send it to the cloud? If you followed the bits, there is a good chance that you would find your scientific research, shopping carts, and personal emails on a hard drive in the world’s largest data depot, inside northern Virginia’s Data Center Alley.

As little as five years ago it was rare to see venture investment filtering through Africa, with seven-figure seed investment rounds happening as infrequently as spotting a bat-eared fox on safari. Fast forward to 2021... Early-stage startups in the region are bagging multi-million dollar deals and pre-seed rounds are taking off, paving the way for the world's next household names.

So what’s changed, and why is fintech at the core of this shift?

Today we announced that we are empowering organizations to prepare for their first SOC 2 audit completely free with VGS Control. This stems from our mission to protect the world’s sensitive data and we are relentlessly committed to delivering solutions for the ever-changing complexities of security and compliance.

In the last year, the business world – particularly the tech industry – has seen a paradigm shift to remote work. While this transition has held some challenges for management, most teams have adjusted to this new model quite nicely. For security teams, the new norm has transformed access control to the point where the traditional perimeter-based model is no longer feasible as a defense-in-depth strategy.

Very Good Security customer Stilt just made an exciting announcement. The rising fintech company, which offers financial services tailored to immigrants living in the US, just raised a $100 million debt facility from Silicon Valley Bank.

VGS is disrupting the typical linear integration flow that most of us are used to.

What does that mean for you? Let’s take a few minutes to explore how you can now seamlessly integrate VGS without sharing any of your data. In a world where information is worth almost as much as gold, you need to be able to implicitly trust a system that will be responsible for your business-critical data. That’s why we created VGS Satellite.

Data ownership of your payments data (particularly card data) is especially important because no other bank or financial product will generate as much insightful data about your customers as your card payment products. It can lead to insights that lead to making the right offers or even development of the right products and services.

We’re just a few weeks into the new year and let’s be honest - it doesn’t feel all that different than 2020. That said, vaccines are being rolled out and we’re all hopeful we’ll see an end to the pandemic this year. However, some of the radical changes it brought with it are likely here to stay.

Do you own your data?
Your journey of payments transformation and innovation starts and ends with data ownership. Access to your data is essential.

Very Good Security is delighted to announce that Paul Machle, former CFO of Gitlab, has joined VGS as our first Chief Financial Officer. Paul is a seasoned leader whose experience in high-growth companies is ideally suited to the opportunities and challenges ahead for VGS.