Signifyd, the company that provides fraud protection for e-commerce businesses, has raised $19m in a funding round with investors including American Express Ventures, Menlo Ventures and Triple Point Capital.
This capital comes on the heels of Signifyd’s $20 million Series B round in February 2016, which included funding from Menlo Ventures, Allegis Capital, IA Ventures, QED Investors, Bill McKiernan and Tim Eades.
Ex-PayPal fraud and risk experts, Raj Ramanand and Mike Liberty, founded the company and by the end of 2015, it announced that it had increased to a run rate of $5.6 billion in transaction volume, with an 8x year-over-year revenue growth, and tripled its number of employees.
The company said the latest investment will allow it to scale and continue to expand its machine-learning technology.
“We’re thrilled to partner with Menlo Ventures and American Express,” said Raj Ramanand, CEO and Co-founder of Signifyd. “They are pioneers in financial innovation, enhancing core capabilities and accelerating digital commerce.
Rohit Bodas, Partner, American Express Ventures said that as more companies start to shop online, more merchants are turning to fraud-management solutions.
Payoneer, the international money transfer company, has completed a strong funding round, raising $180m through equity financing.
Remitly, an independent US-based remittance company, has received $38m in new funding through equity and debt financing from IFC and Silicon Valley Bank.
Metromile has just landed nearly $200m in Series D funding for its auto insurance payments platform.
London fintech startup Curve has picked up another $3m in funding to replace all the different payment cards in your wallet with just one.