Fraud prevention platform RaptorX has raised Rs 4 crore in a pre-seed funding round, co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, with support from Peyush Bansal, Boat co-founder Aman Gupta, and Google SVPs.
Earlier, the company raised $120K in the same round. The new funds will be used to improve its AI and machine learning tools for banking and e-commerce, expand the team, and enhance integrations with payment gateways, e-commerce platforms, and banking systems.
RaptorX, launched in 2023 by Pratyusha Vemuri, combines fintech, regtech, e-commerce, and AI to focus on fraud prevention, anti-money laundering (AML), and customer risk intelligence.
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RaptorX Aim
The platform aims to help businesses by offering real-time fraud detection, uncovering hidden connections, and allowing proactive actions while ensuring compliance and efficiency.
Based in Mumbai, the company plans to build scalable systems for real-time transaction monitoring and e-commerce fraud prevention. It also plans to introduce AML modules for payment screening and mule detection.
RaptorX aims to grow its annual revenue to over Rs 200 crore by focusing on ARR growth in the coming years. It plans to expand to over 50 enterprise customers and manage more than 1 billion monthly transactions.
About RaptorX
RaptorX is an advanced AI-based B2B anti-fraud solution that combines fintech, regtech, e-commerce, and AI. It focuses on fraud prevention, anti-money laundering (AML), and customer risk intelligence. Fraud and financial crime cost businesses billions globally each year and are a growing challenge.
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