Inscribe receives USD 25M to use AI to combat financial fraud

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Inscribe has successfully completed a USD 25 million Series B funding round led by Threshold Ventures, with participation from Crosslink Capital, Foundry, Uncork Capital, Box co-founder Dillon Smith, and Intercom co-founder Des Traynor.

With the latest investment, the startup has now raised a total of USD 38 million, including a USD 10.5 million Series A round that was completed in April 2021. According to the company, Inscribe uses AI that has been trained on hundreds of millions of data points and was created for fraud, risk, and operations teams in the FinTech and finance sectors.

Names, addresses, dates, transactions, and salaries are just a few of the essential details that Inscribe can quickly extract and then quickly return.

Read More: Inscribe bags $25M to fight financial fraud with AI

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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