- Headquarters
- 71-75 Shelton Street, London, England WC2H 9JQ, United Kingdom
- info@miracl.com
- Phone
- +44 20-8191-9262
MIRACL (operating under MIRACL Digital Services Limited) is a cybersecurity company that provides a cloud‑based passwordless multi‑factor authentication (MFA) platform, marketed as the world’s fastest MFA solution. Its core product, MIRACL Trust, enables users to authenticate with a single PIN in approximately two seconds, eliminating the need for passwords, second devices, or SMS codes. The platform is built on a Zero Knowledge Protocol, which ensures no single point of compromise and distributes trust across multiple cryptographic keys. MIRACL primarily targets regulated industries such as fintech, banking, and iGaming/gambling, where seamless and secure login is critical for compliance (GDPR, PSD2) and customer retention. The company claims a login success rate as high as 99.996% and advertises costs at one‑tenth of traditional MFA solutions. Its technology was originally developed by respected cryptographer Dr. Michael Scott and has been cited in over 100 academic papers. Following a 2019 acquisition led by CEO Rob Griffin, MIRACL shifted focus from a technology‑centric approach to product‑market fit, and as of 2024 is controlled by MIRACL Digital Services Limited.
Detailed Review
History
MIRACL’s history traces back to Omlis Limited, a holding company founded between 2011 and 2016 that housed both MIRACL Technologies and Omlis Technologies. The underlying cryptographic protocols were published over a decade ago by Dr. Michael Scott, who continues as the company’s Chief Cryptographer. The commercial product, MIRACL Trust, was launched in 2012 but initially struggled to gain traction due to a strong technology focus lacking product orientation. In early 2019, the company was acquired by a group led by Rob Griffin, a US‑based investor with a background in high‑growth disruptive software (including Palantir, FireEye, Nutanix, and MongoDB). Under Griffin’s leadership, MIRACL repositioned itself toward regulated verticals and now serves fintech organisations and iGaming providers, where its low‑friction login helps reduce abandoned bets and maximise operator revenue.
Product
MIRACL Trust is a cloud‑native platform that integrates with existing systems via APIs and certified partner platforms (e.g., Identity Providers, CMS, and gaming platforms). The authentication flow requires only a PIN; the system verifies the user through a cryptographic handshake that does not expose the PIN or any secrets in transit. The company claims 99.996% login success rate, compared to industry averages of 10% password failure rates, and asserts it can prevent 99.9% of account takeover attacks. Pricing is subscription‑based and significantly undercuts traditional MFA. The solution is ISO accredited (though specific certification not detailed in available material). A revenue calculator on the website demonstrates potential financial uplift from reduced password‑related helpdesk costs and improved login success.
Market Position
MIRACL faces competition from other passwordless/MFA vendors (e.g., Okta, Duo, Yubico) but differentiates on speed, simplicity, and cost. Its focus on iGaming is notable – an industry with high churn sensitivity and regulatory mandating of strong authentication. The company’s partnership page lists integrations with platforms like WordPress, Drupal, and some gaming‑specific systems (details not fully scraped). As of 2024, the controlling entity is MIRACL Digital Services Limited, based in the UK (implied by domain registration). No information on funding rounds, headcount, or future product roadmap was found in the provided searches.
Key Products
MIRACL Trust
Cloud-based passwordless, single-step multi-factor authentication. Uses PIN-only login, Zero Knowledge Protocol, no hardware tokens, 99.996% success rate, compliant with GDPR/PSD2.