---
title: Why Kindred Ventures backed Basis Theory
description: Kanyi Maqubela of Kindred Ventures on why he became a partner of Basis Theory.
image: https://blog.basistheory.com/hubfs/Imported_Blog_Media/618d254a1c6a81ebf00f0a32_Basis%20Theory%20and%20Kindred%20Ventures.jpeg
---

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 November 11, 2021

![Picture of Colin Luce](https://blog.basistheory.com/hs-fs/hubfs/Colin%20Luce-2161-Edit.jpeg?width=50&name=Colin%20Luce-2161-Edit.jpeg) [Colin Luce](https://blog.basistheory.com/author/colin-luce) ·

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# Why Kindred Ventures backed Basis Theory

![Kindred Ventures and Basis Theory](https://blog.basistheory.com/hubfs/Imported_Blog_Media/618d254a1c6a81ebf00f0a32_Basis%20Theory%20and%20Kindred%20Ventures.jpeg)

I distinctly remember my very first conversation with Kanyi Maqubela of [Kindred Ventures](https://kindredventures.com/) nearly a year ago. “So are you disrupting the entire payment processing industry?” My answer: Yes and no. We ended up chatting for almost an hour, and despite not yet even having a company name or a pitch deck (let alone a single line of code), he suggested we partner with him and Steve Jang. A week later, we had a term sheet.

His initial instinct was 100% correct — they were the right partners for us then and still are today. As he [explained](https://medium.com/kindred-ventures/our-investment-in-basis-theory-e60aa1477565) in a recent post:

> Two important lessons from that history. The first: anything worth stealing can be, so a tool that makes transmitting — and storing — that data secure, is valuable to companies. The second: credit cards and financial data is what tends to get secured first. And yet, today, untold millions bank accounts, and social security numbers are sitting in Excel and CSV files on company servers across the world, while credit cards are locked within payment processor walls, inaccessible to merchants and businesses. Enter [Basis Theory](https://basistheory.com/).

We're thrilled to count Kanyi among the our *incredible* investors and partners, too. It’s going to take to tackle this enormous opportunity that, as Kanyi writes, will soon be everybody’s problem.

[Read more about what Kayni has to say here!](https://medium.com/kindred-ventures/our-investment-in-basis-theory-e60aa1477565)

[![View an Interactive Demo   See how the Basis Theory platform secures payment data and significantly reduces PCI compliance burden from day 1.  ](https://no-cache.hubspot.com/cta/default/22332934/interactive-171495116167.png)](https://blog.basistheory.com/hs/cta/wi/redirect?encryptedPayload=AVxigLIu8kDPPu1wLMGfTRjdF%2F%2B80%2FacAc5mtmyOmQd7XIqeTlzkVoaP0Ua4VWC%2B32koDcPjZ7ClaQucsMS%2BSnOkiybcVCOpQHZBTf00QCkkCFfyRr5DxK%2Fn95HJZYOvKmZfmo900j1zryBK3qRGMI15Z4KtF9WxSGxs5RcJFMLKG2pCfALvWHLT695GBOrFhbGXQQPygTEwMrK1z69zf4foWJRm9H8%3D&webInteractiveContentId=171495116167&portalId=22332934)

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