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Visa to acquire British cybersecurity firm Featurespace to enhance fraud detection and risk-scoring solutions

PUBLIC · VSep 27, 2024

Acquiring Company

Visa

Acquired Company

Featurespace

San FranciscoCambridgeOtherFinancial ServicesMobilePaymentsFinanceFintechLendinginformation technology & servicesSoftwareCyber SecurityAnalytics

Description

Visa has announced its plan to acquire Featurespace, a UK-based cybersecurity and analytics software firm. This acquisition aligns with Visa’s commitment to strengthening its portfolio of fraud detection and risk-scoring solutions, providing clients around the world with innovative tools to combat financial fraud.

Quick answer

Visa is acquiring Featurespace, announced September 26, 2024. Visa is based in San Francisco, California, United States.

How much did Visa pay for Featurespace?
The deal value was not disclosed.
What does Visa do?
Visa Inc. (NYSE: V) is the world’s leader in digital payments.
Where are Visa and Featurespace based?
Visa is based in San Francisco, California, United States. Featurespace is based in Cambridge, England, United Kingdom.
Who are the decision-makers at Visa?
Fundz holds 3 contacts at Visa. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Visa

Location

900 Metro Center Boulevard

San Francisco, California, United States

About

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews. About Currencycloud Banks, fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in. Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff & Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, and the EU.

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Frequently asked

Who acquired Featurespace?

Featurespace was acquired by Visa, based in San Francisco. The deal was reported on September 27, 2024. Visa Inc. (NYSE: V) is the world’s leader in digital payments. Visa is publicly traded (V) and operates in Other.

When did Visa acquire Featurespace?

Visa's acquisition of Featurespace was reported on September 27, 2024. Visa has announced its plan to acquire Featurespace, a UK-based cybersecurity and analytics software firm. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Featurespace do?

Featurespace is a British cybersecurity and analytics software firm specializing in real-time artificial intelligence to help financial institutions detect and prevent fraudulent activities within payment transactions. It is privately held, operating in Software, and is based in Cambridge.

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