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ClearSale buys software provider Beta Learning

Tuesday 18 January 2022 11:43 CET | News

Brazil-based anti-fraud solution provider ClearSale has acquired all the share capital of software training company Beta Learning costing USD 9.5 million.

ClearSale was already a client of Beta Learning since 2020. The acquisition was composed of a fixed instalment in the amount of USD 7.25 million and two more instalments of USD 2.25 million, contingent and variable based on the company's performance in the following 24 months. 

This acquisition contributes to the increase of ClearSale's technical team and reinforces the maintenance and development of new products, especially onboarding, according to Suno Notícias. Beta Learning was founded in 2019 and based in Brazil. The company specialises in software development services in various segments and corporate and technical software training. 

ClearSale presents anti-fraud solutions for segments such as ecommerce, financial market, direct sales, telecommunications, and insurance. The company operates mainly on two fronts: authentication of payments with Card-Not-Present or CNP, and identity authentication (onboarding).

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Keywords: acquisition, fintech, Card-not-present fraud, online authentication, fraud prevention
Categories: Fraud & Financial Crime
Companies:
Countries: Brazil
This article is part of category

Fraud & Financial Crime