Last updated 2026-06-18
- Raised $3.2M funding round, Apr 2018
Total raised
$3.2M
Last: 2018-04
Stage
Mature
Founded
2015
Headcount
3
HQ
Ramat Gan, Israel
Sector
—
About
GATE (Global Acceptance Transaction Engine) has created a solution that allows eWallet payments to be accepted anywhere in the world without the need for merchant integration. The GATE solution converts eWallet transactions into card transactions by creating a unique 16-digit card number for each transaction and then rendering that number useless upon completion of the transaction, providing unprecedented security for all users. GATE is set to revolutionize the payment industry by enabling global acceptance of eWallet systems either online or via physical merchants, with no merchant integration required and a near-zero risk of card fraud.
Funding history · 1 round · $3.2M total
2018-04
Q&A
- What is the current status of GATE?
- GATE is currently inactive, having ceased operations in July 2019.
- What was the total amount of funding raised by GATE?
- GATE raised a total of $3,200,000.
- When was GATE founded?
- GATE was founded in October 2015.
- What is GATE's primary business focus?
- GATE (Global Acceptance Transaction Engine) developed a solution to enable eWallet payments to be accepted globally without merchant integration, converting eWallet transactions into secure, single-use card transactions.
- Which sectors did GATE operate in?
- GATE operated in the Fintech & Insurtech and Money Transfer & Management sectors.
- Who were the founders of GATE?
- The founders of GATE include Eugene Grekov, Yosi Morik, and Leonid Voldman.
- Where is GATE's headquarters located?
- GATE's headquarters is located in Ramat Gan, Israel.
Team · 3
Sectors & technology
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesSoftware
Target customers
Financial ServicesFinancial InstitutionsBanksEnterprise & Professional ServicesEnterprises
Business model
B2B
Highlights
Verified
Tags
patent-pendingauthenticationfintechtokenizationbanksiamtransactionspaymentsdigital-walletdigital-mediafinancial-institutionscredit-cardsmobile-payments
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | poweredbygate.com/ |
|---|---|
| linkedin.com/company/6380889 | |
| facebook.com/PoweredbyGATE | |
| YouTube | youtube.com/channel/UCS91wg7LZN6OnJ2R9Qaq8xQ |
Identifiers & details
| Former names | Biothent Security, TokenID |
|---|---|
| Founded | 2015-10 |
| Employees (exact) | 3 |
| Offices | Jericho |
| Status reason | Non Active, Jul 2019 ceased to operate |