Why teams use Two-Factor Authentication
Email-based verification
Every viewer must confirm their email address with a one-time code before accessing the document. No app installs or authenticator setup needed.
Stops unauthorized forwarding
If someone forwards your link, the new recipient still needs to verify their own identity. Leaked links are useless without a verified email.
Combine with other controls
Stack 2FA with passwords, NDA requirements, link expiry, and watermarks. Build the exact security configuration your documents need.
"Every now and then, you come across a product that has a massive positive impact on your business. Peony is one such product."
Panos Moutafis
Founder & CEO, Zenus
Frequently asked questions
How does Peony verify the identity of buyers accessing an M&A data room?
Peony uses email-based 2FA. When enabled, every buyer or counsel must enter a one-time verification code sent to their email before accessing deal documents such as CIMs, financial models, or management presentations. No authenticator app or hardware token is required — it works with any email client, keeping friction low for counterparties while giving your deal team a verified audit trail of who accessed what.
If a PE associate forwards a data room link, can 2FA prevent the new recipient from viewing LP materials?
Yes. With Peony's 2FA enabled, even if an associate forwards a link to LP quarterly reports, capital-call notices, or fund performance data, the new recipient must verify their own email address before viewing. Leaked or forwarded links are useless without the recipient completing identity verification, so sensitive LP materials stay within your approved distribution list.
Can a law firm stack 2FA with NDA gates and watermarks to protect privileged client documents?
Absolutely. Peony lets you stack 2FA with password protection, NDA requirements, link expiry, watermarks, screenshot protection, and controlled redaction to permanently black out privileged figures or PII before sharing deal documents with opposing counsel or co-investors. This layered approach lets litigation teams, M&A counsel, and compliance groups build the exact security configuration their client materials require.
Is 2FA included on Peony's free plan, or do PE firms need to upgrade?
Yes. Peony includes 2FA on every plan, including the Free tier ($0, 2 GB storage). You can enable email verification for any shared link without upgrading. Pro ($20/admin/month) adds password protection, and Business ($40/admin/month) adds NDA gating, dynamic watermarks, and full white-label branding.
How does Peony's 2FA compare to DocSend or Ideals for securing deal documents?
DocSend offers basic email verification but lacks the layered security controls Peony provides. Legacy data rooms like Ideals often restrict advanced access controls to enterprise tiers. Peony includes 2FA and link expiry on the Free plan, password protection on Pro ($20/admin/month), and dynamic watermarking on Business ($40/admin/month) — all with no per-viewer, per-page, or per-link limits, giving teams enterprise-grade security without enterprise pricing.
Does Peony 2FA support compliance requirements like SOC 2 or GDPR?
Peony's 2FA adds a verified identity layer that supports compliance workflows across deal teams. By requiring email verification before any buyer, LP, or counsel can access deal documents, Peony creates an auditable trail of who accessed what and when — useful for SOC 2, GDPR, CCPA, and HIPAA compliance as well as sell-side and buy-side due diligence audit requirements. All data is protected with AES-256 encryption at rest and TLS 1.3 in transit on SOC 2-ready infrastructure.
Can a PE fund require 2FA for confidential LP reports but skip it for less sensitive portfolio updates?
Yes. Peony lets you configure security settings per link, so you can require 2FA for sensitive LP capital-call notices, fund performance reports, or co-investment memos while leaving less confidential portfolio updates or marketing materials with simpler access. Each link has independent controls for 2FA, passwords, NDA gates, and expiry dates, giving your investor-relations team granular control without creating separate data rooms.
Related features
Password Protection
Require a password before anyone can view your shared documents or data rooms.
Leak Protection
Detect and trace unauthorized sharing with visible and forensic watermarks on every page.
NDA Agreements
Require recipients to sign an NDA before they can access your confidential documents.