FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers
FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers
03/17/21, 12:19 PM
Location
bostonMoney raised
$2 million
Round Type
seed
FiVerity, Inc., a leading provider of cyber fraud detection and threat intelligence, announces today that it closed a $2 million round of financing to expand its cyber fraud detection and threat intelligence platform, which addresses growing types of cyber fraud for financial institutions. The investment was fueled by Mendoza Ventures and a class of super-angels from the cybersecurity and financial services industries, including serial entrepreneur Doug Levin, who has been appointed as the company’s Executive Chairman. FiVerity will use the funds to expand its products and ramp up sales and marketing efforts.
Company Info
Location
boston, massachusetts, united states
Additional Info
About FiVerity
FiVerity, Inc., is a groundbreaking cyber fraud detection company, utilizing machine learning and secure identity management to prevent sophisticated forms of cyber fraud. The company’s SynthID® platform is focused on thwarting cyber fraud threats at financial institution in real time, including synthetic identity fraud (SIF), a rapidly growing financial crime. FiVerity delivers actionable, proactive threat intelligence to banks, credit unions, and credit card providers in a public-private partnership, helping strengthen and scale their consumer lending, customer onboarding and payments processes. For more information, visit http://www.fiverity.com/.