Ravelin Secures £16.4M in Series C Funding
Summary
The company intends to use the funds to reach more global markets and industries. Led by Martin Sweeney, CEO, Ravelin leverages machine learning and graph network technologies to allow online businesses to accept payments with more confidence. In addition to identifying card fraud, the company works with clients to find compromised accounts (often called Account Takeover), spotting incentive abuse and tackling supplier fraud in marketplaces. It has also developed Ravelin Accept aimed at helping businesses navigate PDS2. The company secures transactions for large-scale food and cab-ride marketplaces, and has expanded into travel, ticketing, entertainment, gaming, gambling, and retail.
Funding
Amount
$20.7M
Total raised
Date
July 15, 2020
Announcement date
Investors
Draper Esprit, Passion Capital, Amadeus Capital Partners, BlackFin Capital Partners | Investors In Financial Services
Lead investors
Company
http://www.ravelin.com
Funded company
Classifications
industries
Fintech & Banking
applications
Billing/Invoicing
AskAI Classifications
Labels
Fraud Prevention Software
Payment Security Software
SaaS
Linked Companies
Ravelin Technology Ltd
$10M to $25M