Cologne-based compliance and fraud prevention startup 4Stop raises €2.2 million Series A from Ventech
Summary
The global growth of online transactional engagement paired with increasing fraud rates, identity thefts, and the continuous evolution of the regulatory requirement landscape makes it imperative for online businesses to implement a solution that future-proofs their compliance and fraud defense. “This is another major milestone for 4Stop, one that we are all very proud of achieving and a true endorsement of our business and technology potential,” said Ingo Ernst, CEO of 4Stop. “We are very excited to take this opportunity to expand our business, team and our KYB, KYC and anti-fraud technology solutions. The startup’s solution has already been implemented by global payment and crypto leaders including Mifinity, Paymentz, Paysend, Gatehub and Draglet. “We look forward to leveraging our broad and strong investment expertise and 20+ years of experience internationalizing of early-stage companies.”