Moonfare: An Agile, Rapidly Growing Alternative Asset Investment Platform That Stays Safe and Compliant with Okta
Customer Company Size
Mid-size Company
Region
- Europe
Country
- Germany
Product
- Okta Single Sign-On
- Okta Lifecycle Management
- Okta Adaptive Multi-Factor Authentication
- Okta API Access Management
Tech Stack
- Single Sign-On
- Multi-Factor Authentication
- API Management
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Customer Satisfaction
- Digital Expertise
Technology Category
- Cybersecurity & Privacy - Identity & Authentication Management
- Application Infrastructure & Middleware - API Integration & Management
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Services
- System Integration
- Software Design & Engineering Services
About The Customer
Moonfare is an innovative software company that offers a platform for investors to navigate the marketplace of private funds. The company aims to democratize private equity investing by enabling individuals to invest in the private market like institutions, with lower minimums than traditional private equity firms. Moonfare's platform functions as a curated marketplace where investors can find top-tier private funds and invest in them with minimums as low as $50,000. The company focuses on providing convenience and security to its customers, ensuring that their financial data is protected. Moonfare has experienced rapid growth, expanding from 8 to 200 employees in three years and managing $1 billion in assets for 5,000 active users. The company is committed to innovation and aims to launch a public API to enable partners to leverage its functionalities.
The Challenge
Moonfare, a rapidly growing alternative asset investment platform, faced the challenge of maintaining security and compliance while iterating and publishing software with the agility of a startup. As a financial organization, Moonfare needed to ensure the security of its clients and data, which is crucial in a highly-regulated industry. The company required a technology partner that could provide robust identity and access management solutions to protect users' financial data and support its operations. Moonfare's VP of Engineering and Technology, Umut Koseali, emphasized the importance of performance, security, and resilience as the pillars of their engineering culture. To navigate the heavily regulated financial market, Moonfare needed full visibility and effective tools to manage access to its applications, ensuring that only authorized users could access sensitive information.
The Solution
Moonfare selected Okta as its technology partner to address its identity and access management needs. Okta's solutions, including Single Sign-On, Lifecycle Management, and Adaptive Multi-Factor Authentication, were implemented to streamline internal processes and enhance security. By connecting Okta to its HR system and integrating it with Single Sign-On, Moonfare created a smooth and fast onboarding process for employees. The company also leveraged Okta's Adaptive Multi-Factor Authentication to prevent account takeovers while delivering a frictionless user experience. Okta's pre-built integrations saved Moonfare significant time and effort in manual provisioning, allowing the company to focus on innovation and growth. Moonfare plans to use Okta's API Access Management to secure its upcoming public API, enabling partners to leverage its functionalities while maintaining security.
Operational Impact
Quantitative Benefit
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