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London’S Fraud Prevention Startup Quantexa Rakes In $153M Funding To Fight Financial Crimes

Jul 13, 2021almost 4 years ago

Amount Raised

$153 Million

London

Description

In the new world of technology, financial crimes have become electronically sophisticated and hence, its detection has become even more difficult and cumbersome. This has led to the rise of startups that are taking on financial frauds with their AI-based solutions.

Company Information

Company

Quantexa

Location

London, Ontario, Canada

About

The fraud prevention startup will use the investment to accelerate its plans for regional market expansion and build out its product portfolio development further in areas such as data management and industry verticals, including banking, insurance, public sector, and technology, media and telecom.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech