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October 25, 2016

Darknet Probing Tech Startup Ravelin Closes £3 Million Investment Round

It’s not easy tackling darknet fraudsters, but that’s exactly what London-based fraud detection tech startup Ravelin does. It’s also announced that it has closed a £3 million investment funding round as the business looks at expanding.

In the last nine months, Ravelin has grown their company revenue by more than 600 percent, attracting high-profile names, according to a report from Bdaily. Some companies that work with Ravelin include EasyTaxi and Deliveroo and investors Playfair Capital.

Martin Sweeney, Ravelin chief executive said to Bdaily that merchants, consumers, and banks face a growing problem with fraud.

He said:

Fraud is growing faster than [...]

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