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RegTech companies raised $18.9bn across 444 deals in 2021, beating the previous high of $7.8bn set in 2020
Funding to the sector reached a five-quarter high in Q2 with nearly half of all transactions over $25m
RegTech companies raised $9.2bn across 222 deals in the first half of the year driven by large transactions over $100m
US fraud prevention business Forter has snared $300m from a Series F funding round led by Tiger Global Management.
Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.
Fraud fighting RegTech Forter has raised $125m in Series E funding and has achieved a $1.3bn valuation in the process.
Forter, a fraud prevention company, has released its Loyalty Program Protection service which will help companies cope with rising levels of fraud.
Nearly half of UK consumers are likely to abandon future purchases if they are faced with a multi-step authentication process, a study from Forter claims.
Forter, a NYC-based e-commerce fraud prevention company, has closed its Series D funding round on $50m.
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