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build38

build38, based in Munich, Germany, builds mobile application shielding and in-app protection technology (App Shielding) that defends mobile apps against reverse engineering, tampering, and…

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55/100Incremental Innovator

Overview

build38, based in Munich, Germany, builds mobile application shielding and in-app protection technology (App Shielding) that defends mobile apps against reverse engineering, tampering, and runtime attacks, widely used by banks, fintechs, and other mobile-first businesses with high-value transaction flows.

OneSpan, an identity and transaction security vendor, acquired build38; build38’s own domain now redirects directly to a dedicated ‘build38 by OneSpan’ product page describing next-generation app shielding as part of OneSpan’s portfolio. Specific deal terms and the transaction date were not disclosed.

Innovation Matrix Assessment

Innovation Velocity 5/10

Built mobile app shielding technology credible enough to be acquired and retained as a named, branded product line within OneSpan's portfolio.

Operational Value 7/10

Gives mobile-first businesses concrete, runtime protection for their apps against reverse engineering and tampering, directly relevant to fraud and IP-theft prevention.

Market Momentum 6/10

Full acquisition and direct product-line integration into OneSpan's portfolio, evidenced by domain redirection to a branded product page, is a strong ownership signal, though deal terms were undisclosed.

Category Disruption 4/10

Mobile app shielding is an established security category with several competitors; build38's differentiation is execution depth and now integration into a broader identity/transaction security platform.

Real-World Efficacy 5/10

Adoption by banks and fintechs for high-value transaction flows suggests real operational trust, though no independent, published benchmarking is available.

Enduring Relevance 6/10

Mobile app tampering and reverse-engineering attacks against banking and fintech apps remain a durable, high-stakes threat.

Why CISOs Should Care

Gives mobile-first businesses -- especially banks and fintechs -- runtime protection against reverse engineering and tampering on the mobile apps that carry their highest-value transactions, now backed by OneSpan's broader identity and transaction security platform.

What Makes It Different

Purpose-built mobile app shielding focused specifically on runtime protection against reverse engineering and tampering, rather than general mobile device management or MDM-based security.

The Matrix Verdict

55/100 — INCREMENTAL INNOVATOR

An established European mobile app shielding vendor fully absorbed into OneSpan's product portfolio (its own domain now redirects to a branded OneSpan product page); Meaningful Innovator given the direct product integration.

Editorial Note: Claims vs. Verified Findings

The acquisition is confirmed by build38.com redirecting directly to a 'build38 by OneSpan' branded product page on OneSpan's own site; specific deal terms and transaction date were not disclosed.

Sources