logo
Intelligence
Monitoring
Tools
logo
Intelligence
Monitoring
Tools

 FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers

Mar 17, 2021•over 4 years ago

Amount Raised

$2 Million

Round Type

seed

Boston

Description

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 Information

Company

Fi Verity

Location

Boston, Massachusetts, United States

About

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/.

Related People

1 contact

Sign in to view contact details