The Barclays-backed financial technology developer has added $20.6m to its coffers, the round featuring new and returning investors.
Ravelin Technology, a UK-based fraud detection technology developer backed by financial services firm Barclays, today raised £16.4m ($20.6m) in series C funding.
Draper Esprit led the round, which included Amadeus Capital Partners, BlackFin Capital Partners’ BlackFin Tech fund and Passion Capital.
Founded in 2014, Ravelin has developed a piece of machine learning and graph network technology-equipped software which helps its enterprise customers thwart digital payment fraud.
The company will use the series C cash to explore new markets and sectors…
