9 years ago

Ravelin Raises €3.3 Million to Fight Online Fraud

  • Ravelin, a London-based fraud detection startup, has secured €3.3 million in a new funding round led by Playfair Capital

  • The funding will be used to accelerate the growth of Ravelin's client base around the world

  • The company has achieved impressive market traction since the commercial release of its product in January 2016, growing its revenue by over 600%

  • Ravelin's clients include online food delivery company Deliveroo, 10 million rides-a-month taxi app EasyTaxi, and US-based taxi service Via Taxi.

      • ProblemFinancial Services

      "making online commerce vulnerable to payment fraud from growing numbers of fake accounts and suspicious transactions"

      Solution

      "Ravelin's machine-learning fraud detection technology identifies and blocks fraudulent transactions, allowing legitimate orders to be accepted while preventing millions of pounds worth of potential fraud, through its graph network technology and other features and techniques developed over time"

      Covered on