CAF raises a total of BRL 80 million to forge the future of identity
Summary
S\xc3O PAULO--(BUSINESS WIRE)--Founded in 2019, CAF (formerly Combate \xe0 Fraude), a leader in digital identity verification, announced that it has raised over BRL80 million in investments with participations from a group of experienced global investors, led by Ethoca co-founders Darryl Green, Andre Edelbrock and Trevor Clarke, as well as the former LexisNexis CEO Andrew Prozes. Despite the current global environment, the company is committed to hiring over 100 professionals in Brazil and across the globe 2022.CAFs unique approach to identity verification and digital onboarding empowers businesses to innovate and scale faster, easier, and more securely. CAFs platform leverages several advanced technologies, including artificial intelligence, document verification and facial authentication to ensure that individuals are legitimate. In a short time, CAF has quickly established itself as one of the best anti-fraud companies in Brazil and will soon be among the global leaders in this market.According to Green, the proper management of online and offline identities has become imperative to the success of companies, and CAFs products stand out for streamlining a range of daily activities, while facilitating business, increasing security, and enhancing the customer experience. With our investors, we now have partners that match our ambition for redefining the future of identity with innovation not only in technology but a fundamental shift in the business model.This brings the total fund raise to BRL 130 MM in transactions since 2021, when Mr.Green became the CEO.