Fraud detection firm Ravelin mints fresh £3m in series A from Playfair Capital and others

Latest NewsRavelin, a firm that uses machine-learning to detect and fight fraud, has raised £3 million in funding. Lead investor Playfair Capital was joined by Amadeus Capital, Passion Capital, Errol Damelin (founder of Wonga) and Paul Foster (founder of Indeed.com).Headquartered in London, Ravelin is a smarter fraud detection and prevention platform for businesses that need to make accurate payment fraud decisions quickly. It was founded with the insight that the on-demand economy was served poorly when it comes combating fraud.The Ravelin team has developed first-class technology to address the growing problem of online payment fraud, harnessing the power of Machine Learning to score transaction reliability in real time. It analyzes customer behaviour and transactions using powerful proprietary data science and machine learning technologies, and works closely with merchants to provide extremely accurate fraud detection scores. This…


Link to Full Article: Fraud detection firm Ravelin mints fresh £3m in series A from Playfair Capital and others