CAF raises USD 19.4 mln in investments
CAF (formerly Combate à Fraude), a Brazil-based digital identity verification provider, has raised over USD 19.4 million in investments.
The investments were done through the participations from a group of global investors, led by Ethoca co-founders Darryl Green, Andre Edelbrock and Trevor Clarke, as well as the former LexisNexis CEO Andrew Prozes.
Other investors also have joined the round, such as Kevin Efrusy, and NielsenIQ CEO and chairman James Peck, who will also join CAF’s board. The company’s valuation was not disclosed. The new round of funding will go towards innovation, platform development, new hires, and global expansion.
CAF’s platform is trusted by banks, fintechs, ecommerce merchants, insurance companies, mobility and delivery apps, marketplaces, among others.
CAF’s approach to identity verification and digital onboarding helps businesses to innovate and scale faster, easier, and more securely. CAF’s platform leverages several technologies, including artificial intelligence (AI), document verification, and facial authentication to ensure that individuals are legitimate. It is one of the few companes in Brazil to have a security certificate for its own proof-of-life technology, the ISO 30107-3, granted by iBeta Quality Assurance.