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PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M
Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simility, a fraud prevention specialist, for $120 million in cash. PayPal had been an investor in Simility (it owns three percent of the company, […]
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Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date
Cybersecurity continues to be a growing focus and problem in the digital world, and now Stripe is launching a new paid product that it hopes will help its customers better battle one of the bigger side-effects of data breaches: online payment fraud. Today, Stripe is announcing Radar for Fraud Teams, an expansion of its free […]
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Feedzai closes $50M Series C to help banks and merchants identify fraud with AI
Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and merchants spot payment fraud. In today’s rapidly maturing world of fintech, Feedzai is trying to thread the needle between turnkey solution […]