The third quarter has concluded! Now, it’s time for our quarterly investment update. Delve into the latest funding rounds and acquisitions in the realm of fraud and risk mitigation!

Pindrop

Pindrop, a global leader in voice authentication and security, has announced the successful acquisition of $100 million in debt financing from Hercules Capital. This substantial funding will allow Pindrop to advance its innovative audio, voice, and AI technologies, enhancing its services for clients across various sectors, including banking, finance, contact centers, insurance, utilities, healthcare, and retail.

Datricks

Israeli tech startup Datricks is set to enhance its risk management platform following the successful completion of a $15 million Series A funding round, which saw participation from enterprise software giant SAP, as stated by Datricks’ chief technology officer.

Iluma

Illuma Labs, a fintech company specializing in voice authentication technology for banking contact centers, has successfully raised $9 million in a Series A funding round.

The round was led by LiveOak Ventures, with contributions from Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU. This funding will support the development of Illuma’s voice biometric solutions, aimed at preventing fraud, detecting deepfakes, and enhancing security for credit unions and banks.

Axle

Axle Automation, headed by CEO and co-founder Ioannis Giannaros, has raised $2.5 million to grow its team and improve its innovative compliance solutions.

This funding round was led by Diagram Ventures, with additional contributions from Mistral Ventures, Uphonest Capital, StreamingFast, and several strategic angel investors.

Scamnetic

Scamnetic, an innovator in the RegTech industry, has successfully completed a significant funding round.

This milestone underscores the company’s commitment to utilizing advanced artificial intelligence to safeguard users from a diverse range of digital scams.

Regfyl

Regfyl, a Nigerian anti-money laundering (AML) compliance startup, has successfully secured $1.1 million in pre-seed funding to tackle the increasing regulatory challenges faced by African financial institutions. Investors in this round include Techstars, RallyCap Ventures, DCG Expeditions, Africa Fintech Collective, Musha Ventures, and several strategic angel investors.

Hawk

Hawk, a leading provider of AI-driven technology for fraud prevention and anti-money laundering (AML), has announced an extension of its Series B financing. Macquarie Capital will join existing investors, including Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

Acquisition

Experian

Experian, a global leader in data and technology, announced today its acquisition of NeuroID, a frontrunner in behavioral analytics. This acquisition enhances Experian’s fraud risk suite by integrating NeuroID’s innovative and seamless capabilities, which offer deeper insights into digital behavioral signals and analytics for both new and returning users throughout the customer journey, including account openings, logins, and transactions.

Visa

Visa has announced a definitive agreement to acquire Featurespace, a company specializing in real-time artificial intelligence (AI) technology for payments protection that helps prevent and mitigate fraud and financial crime risks. This acquisition will enhance Visa’s suite of fraud detection and risk-scoring solutions, providing clients worldwide with the tools to grow their businesses while safeguarding against financial threats.

Mastercard

Mastercard announced on Thursday that it is entering the threat intelligence sector with its planned acquisition of Recorded Future. The acquisition, valued at $2.65 billion, involves the 15-year-old company that specializes in threat intelligence solutions.

Unico

Brazilian digital identity unicorn Unico has announced additional acquisitions. The selfie biometrics provider, supported by major investors such as Goldman Sachs, SoftBank, and General Atlantic, is acquiring the Mexican digital identity verification startup Trully.AI.

Thetaray

ThetaRay, a leading provider of AI-driven financial crime detection technology, has announced its acquisition of Screena, a next-generation European screening company. This acquisition highlights ThetaRay’s ongoing commitment to investing in proprietary technology and reinforces its mission to empower banks, fintechs, and regulators to identify financial crime using cutting-edge AI solutions.