Socure raises $35 million to combat payments fraud with AI
August 25, 2020
Cloud-based identity verification and fraud prevention startup Socure today closed a $35 million round. CEO Tom Thimot told VentureBeat the funds will bolster Socure’s R&D efforts and help it expand its customer base.
Javelin Strategy reported that 6.64% of consumers — or about 16.7 million people — fell victim to identity fraud in 2017, up 1 million from 2016. In 2018, over 2.6 billion…