The round is led by the London-based Venture Capital company Force Over Mass Capital (FOMCAP), with the participation of TrueSight Ventures and Springboard. The funding will be used by Cybertonica to extend its product in behavioural analytics ScreenWiZe 2.0 and strengthen the data and AI capabilities of the Anomalytics platform.
The company’s London headquarters, and tech teams will grow by 50% in the coming months and the company expects to double revenue run rate by June 2019, according to the official press release.
Cybertonica’s service increases conversion and sales by up to 25% while managing card-not-present and other categories of fraud at world-class compliant standards. Its ScreenWiZe product adds device risk management through SDKs (iOS and Android) to the mobile authentication and malware prevention for all fintech and payment customers.
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