Digital Identity Fraud news and trends

ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection

September 05, 2023
ThetaRay, investments, funding
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ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection

September 05, 2023
Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities. The growth round, announced Tuesday (Sept. 5), was led by Portage and will allow ThetaRay to accelerate its global growth plans. “Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions and ones from bad actors dealing with illicit funds,” Peter Reynolds, […]