News raises USD 18 mln in Series A funding

Friday 4 March 2022 12:52 CET | News, an automated chargeback platform, has raised USD 18 million in Series A funding, led by MoreTech Ventures with additional investments by DisruptiveAI, Gryffin Ventures, and Moneta Seeds.

The funding will allow the company to extend anti-fraud, chargeback-free guarantees while meeting the demand from various sectors who are lacking a sufficient fraud prevention system. has implemented AI-driven Fraud Prevention Intelligence. This system evolves along with the threat landscape to guarantee that all legitimate transactions are approved, and that approximatively 2% of fraudulent charges are kept out. has experienced demand across industries, with customers experiencing up to a 25% uplift following activation.

In 2021, nSure has raised USD 6.8 million in seed funding, also led by DisruptiveAI.

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Keywords: funding, fraud prevention, chargebacks, artificial intelligence, transactions
Categories: Fraud & Financial Crime
Countries: Israel
This article is part of category

Fraud & Financial Crime

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