Online fraud prevention platform Emailage has secured a $10m funding round led by Anthos Capital.
Other backers to the round included Radian Capital, Wipro Ventures, Mucker Capital and Tallwave Capital.
Founded in 2012, the company uses real-time risk intelligence, combining email transaction history, machine learning algorithms and positive and negative data to assess an email and create a risk score. The platform can be used for online transactions, new-accounts/sign up processes, customer acquisition maintenance and marketplace listings.
Emailage has analysed almost $100bn in transactions, and found more than 17 million high risk transactions, according to the company.
The latest injection of capital will be used to expand the company platform and boost growth in North America, EMEA, LATAM and other key markets.
Anthos Capital Paul Farr said, ?Emailage has developed a powerful solution that is critical for any company doing business online. We are proud to invest in a company that is making online transactions safer for businesses and consumers.p>
Following the latest investment, total capital raised by Emailage has reached around $15m, with last year Series A nabbing just over $5m.
Copyright ? 2017 FinTech Global
