vault
(2)
Basis Theory
Basis Theory is a payments infrastructure company that gives merchants a cloud-native, PCI Level 1-compliant vault to tokenize, route, and control sensitive payment data across any payment service provider - without vendor lock-in. Founded in 2020 by fintech veterans from Dwolla, Yodlee, and Klarna, the company has raised roughly $50 million and now positions its vault as the foundation for AI-driven, agentic commerce.
VGS
VGS (Very Good Security) is a payments tokenization and credential management platform that lets companies process and store sensitive card data without ever touching it themselves. Founded in 2015 by Mahmoud Abdelkader and Marshall Jones, the San Francisco company runs a composable Card Management Platform, a PCI-compliant Vault, and network value-added services used by Fortune 500s, fintechs and banks - having crossed 5 billion tokens managed as of 2025.