Anti-fraud company Vesta said to close $125m in funding round

Anti-fraud company Vesta has reportedly secured $125m in a funding round to support its global expansion initiatives.

The investment was supplied by private equity firm Goldfinch Partners, according to a report from the FinTech Times.

Having secured the funds, the company will deepen its product suite, as well as expand globally into telecommunications and e-commerce verticals.

Vesta continuously monitors global fraud patterns and trends across clients and industries to better identify and stop threats as they arise. The risk management platform leverages deep analysis to pre-emptively stop attacks.

With Vesta, clients can safeguard card-not-present transactions and claims to guarantee more than $1bn in transactions annually.

In addition to safeguarding payments, the platform can also prevent account takeovers by monitoring login attempts or changes to account information.

Its clients include AT&T, Vodafone, EE, WesternUnion, TicketGuardian, Incomm and more.

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