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Top 18 Passwordless Authentication Software SaaS Companies in May 2026

As of May 2026, there are 18 SaaS companies in Passwordless Authentication Software. They have combined revenues of $109.5M and employ 727 people. They have raised $268.1M and serve - customers combined.

Passwordless authentication software enables users to verify their identity without relying on traditional passwords. This approach utilizes alternative methods such as biometrics, one-time codes, or trusted devices, enhancing security and user experience. Typically used in sectors where security and user access are critical, these solutions cater to enterprises seeking to mitigate the risks associated with password management and phishing attacks. Key features often include multi-factor authentication options, seamless integration with existing systems, and user-friendly interfaces that streamline the login process. The primary users of passwordless authentication solutions include IT departments, security administrators, and organizations focused on improving customer experience and digital identity management. As businesses move to a more digital landscape, the demand for these innovative authentication methods continues to grow.

Companies
18
Revenue
$109.5M
Funding
$268.1M
Employees
727

Filters

Sorting: Highest -> Lowest

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Top Passwordless Authentication Software Companies

Showing 10 of 7 companies ranked by annual revenue.

1
idemeum

Palo Alto, California, United States

Passwordless application management platform.

Revenue
$900K
Customers
-
Year founded
2020
Funding
-
Team size
6
Growth
-
2
MojoAuth

San Francisco, California, United States

Mission to remove the pain of Passwords for Apps

Revenue
$683.1K
Customers
-
Year founded
2023
Funding
-
Team size
11
Growth
26.5%
3
inBay Technologies

Ottawa, Ontario, Canada

Developer of access authorization software designed to provide password-less mutual identity assurance. The company's access authorization software, idQ Trust as a Service (TaaS), offers easy to use, safe and secure access to enterprise services and applications, enabling companies of all types and sizes to employ leading edge multi-level, multi-factor password-less authentication and delegated authorization systems.

Revenue
$400.6K
Customers
-
Year founded
2009
Funding
-
Team size
8
Growth
26.5%
4
Hanko

Kiel, Schleswig-holstein, Germany

Hanko offers a multi-factor authentication service for convenient and secure user authentication without passwords. By supporting open FIDO standards (U2F, UAF, FIDO2, WebAuthn) and OpenID Connect, OAuth2, SAML, and LDAP, Hanko enables businesses to quickly integrate the most advanced authentication methods into their web portals and applications.

Revenue
$272.2K
Customers
-
Year founded
2018
Funding
-
Team size
7
Growth
111.75%
5
TraitWare

Nevada, California, United States

Developer of a security platform designed to verify user identity without any passwords. The company's platform simplifies and secures access to protected applications and websites by eliminating dependence on the use of inconvenient and problematic usernames or separate hardware tokens, enabling clients to improves the protection by adding two-factor authentication to the login process to access digital and physical resources.

Revenue
$129.3K
Customers
-
Year founded
2008
Funding
$6.8M
Team size
17
Growth
34.59%
6
OTPless Solutions Private Limited

New Delhi, Delhi, India

Activate OTP-less. One tap sign in with WhatsApp, Google and Apple. Fast, simple, secure.

Revenue
$27.4K
Customers
-
Year founded
-
Funding
-
Team size
67
Growth
-
7
SimpleOTP

New York, New York, United States

OTP and "magic sign-in link" auth for your website

Revenue
$1K
Customers
-
Year founded
2023
Funding
-
Team size
1
Growth
-

Inclusion Criteria

- Must provide alternative authentication methods such as biometrics or one-time codes. - Must improve security and reduce the risk of phishing attacks compared to traditional passwords. - Should integrate with existing identity and access management systems. - Must enhance user experience by streamlining the login process. - Must support multi-factor authentication capabilities. - Not just focus on regulatory compliance; must also prioritize user convenience and accessibility.