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Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira.
Founded in 2011, Tel Aviv-based BioCatch develops technology that helps companies such as banks track users’ online behavior to establish whether a customer is real or a fraudster. The company has raised well over $200 million to date, including tranches from financial giants such as American Express, HSBC, Barclays, Citi and National Australia Bank. “We have tracked BioCatch with enthusiasm for many years, and now having been a shareholder since early 2023, our conviction in the business, its growth potential, its technology leadership, and its management team continues to grow.”
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