A I
S O L U T I O N S
A I
S O L U T I O N S
BUREAU RAISES US $ 30MN SERIES B AS GLOBAL FRAUD LOSSES HIT US $ 486BN
AI isn ’ t just making fraud smarter – it ’ s making it nearly impossible to catch . With global losses hitting US $ 486bn annually , Bureau has announced US $ 30mn in Series B to level the playing field . A leading risk intelligence platform , which has seen its revenue grow 3x since it ’ s last fundraise , is arming businesses with AI to combat the exponential rise in sophisticated fraud attacks worldwide . his experience building Qubecell and Boku Identity , Reddy recognised that ‘ Who are you ?’ and ‘ Can I trust you ?’ are fundamental questions every digital company must answer at each step of the customer journey .
“ As cyberfraud reaches unprecedented levels , Bureau stands at the forefront of the fight against digital fraud ,” explained Reddy . Money mule accounts , deepfake solutions in each domain . Bureau ’ s platform brings together device intelligence , behavioural AI , identity data and predictive modelling to deliver contextual fraud prevention that goes beyond traditional rule-based systems . The company ’ s proprietary identity knowledge graph now contains over half a billion identities and behavioural patterns , providing real-time risk intelligence across the entire customer lifecycle .
The funding will accelerate Bureau ’ s product expansion into new use-cases , and geographical expansion to several new markets worldwide to meet a significant surge in global demand .
For founder and CEO , Ranjan Reddy , the mission is personal . After falling victim to cyberfraud himself , he built Bureau to transform how businesses verify digital identities and detect fraud . Through identities , account takeover and payment fraud have surged with sophisticated AIpowered tools , impacting every corner of the digital economy . Bureau ’ s proprietary technology , powered by Graph Neural Networks , neutralises these threats to the digital economy .
Traditionally , compliance , fraud , security and credit risks have been siloed in companies and served by multiple point
“ Bureau utilises a unique combination of device , behaviour , financial and partner data to quickly block scammers without creating deal-breaking headaches for users ,” said Rob Rueckert , a Partner at Sorenson Capital . “ By preventing fraud while avoiding any harm to customer retention , revenue and growth , Bureau is truly differentiated in the vast and significant fraud-prevention space and the proof is in their success .” �
58 www . intelligentfin . tech