Vesta, a Lake Oswego, Ore.-based provider of fraud protection and fully guaranteed payment technologies, secured $125m in growth capital.
The company intends to use the funds to invest in growth and continue the global deployment of its fraud protection and e-commerce payment solutions.
Led by Ron Hynes, CEO, Vesta enables e-commerce companies to grow their businesses by focusing on revenue rather than risk, with its zero-risk and zero-liability payment guarantee.
The company’s real-time decisioning platform – built on data science and machine learning – analyzes customers’ online payment transactions to assess the risk of fraud.
Today, Vesta provides its service to partners in the telecommunications and e-commerce industries and allows merchants to integrate through shopping cart plug-ins, including Magento, Shopify, Salesforce, WooCommerce, BigCommerce and SAP Commerce Cloud.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Research has shown that successful fintech startups will focus on data-driven iteration and continuous user testing, rather than using new technology.
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