ThreatMetrix nabs $30m to expand fraud prevention

Anti-fraud security company ThreatMetrix has raised $30m in what it describes as a mezzanine growth capital round.

The funding comes from existing backer Silicon Valley Bank.

ThreatMatrix offers online identity and transaction authentication and claims to annually verify more than 20bn transaction for 4,000 clients across 30,000 websites.

It aims to serves companies across industries including financial services, e-commerce, payments, lending and insurance, as well as media and government.

The company says it will use the capital to grow its reach around global data centres, as well as expand its sales and marketing efforts in new markets.

ThreatMetrix CFO Frank Teruel said the funding, “represents a major step forward for ThreatMetrix, particularly with our Asia expansion growth plans, extends our ability to serve the European market, and enables us to build new data centres serving our increasingly global and complex customer community.”

The investment brings the firm’s total funding to more than $56m with it previously raising $20 in a Series E round in 2014 led by Adams Street Partners.

Copyright © 2016 FINTECH GLOBAL

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