5 years ago

Fraud Detection Startup Ravelin Raises $20M Series C to Fuel Global Expansion

  • Fraud detection startup Ravelin has raised $20 million in a Series C funding round led by Draper Esprit, with participation from Passion Capital

  • The funding will be used to expand into new markets and industries, as well as to continue developing innovative fraud detection solutions

  • Ravelin has a strong track record of securing transactions for large-scale businesses, and its technology is used by companies across a wide range of industries.

      • ProblemTechnology

      "Businesses are losing billions of dollars to fraud every year. This can take many forms, including credit card fraud, account takeover, incentive abuse, and supplier fraud. Traditional fraud detection methods are often ineffective and can lead to false positives, which can damage customer relationships and hurt businesses' bottom line."

      Solution

      "Ravelin uses machine learning to detect and prevent fraud in real-time. The company's platform analyzes data from multiple sources, including customer behavior, transaction history, and device information, to identify suspicious activity. Ravelin's technology is designed to be highly accurate and to minimize false positives. This helps businesses to reduce fraud losses, improve customer experience, and increase revenue."

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