EMVC-backed Bureau raises $30M in Series B funding led by Sorenson Capital with PayPal Ventures
Led by Sorenson Capital with PayPal Ventures, the round underscores demand for Bureau's risk intelligence platform. Funds will fuel global expansion and enhance AI-driven fraud prevention solutions.
Wednesday, 18th December 2024: Bureau, a leading risk intelligence platform for identity, fraud, and compliance decisions, announced today it has raised $30 million in Series B funding. The round was led by Sorenson Capital, with participation from PayPal Ventures, alongside participation from existing investors Commerce Ventures, GMO Venture Partners, Quona Capital, Village Global, and others. Emphasis Ventures (EMVC) has been an investor in the company since its seed financing round.
This latest investment highlights the growing demand for Bureau’s AI-powered solutions in combating fraud across global financial ecosystems. With plans to scale its product portfolio, talent acquisition, and geographical reach, Bureau is poised to empower businesses worldwide in their fight against fraud, all while maintaining seamless and secure customer experiences.
"As cyber fraud reaches unprecedented levels, Bureau stands at the forefront of innovation, utilizing advanced AI to prevent fraud and protect consumers and businesses alike," said Ranjan R Reddy, Founder & CEO of Bureau.
Since its inception in 2020, Bureau has verified over 600 million identities and supports over 150 enterprises across industries including banking, fintech, gaming, and e-commerce. The platform's proprietary Identity Knowledge Graph and real-time contextual fraud prevention technology provide unparalleled risk intelligence, enabling businesses to navigate growing regulatory and security challenges with confidence.
This funding round will accelerate Bureau's mission to expand its global footprint, with particular focus on entering markets like North America, Mexico, and Saudi Arabia. The company will also enhance its AI-driven solutions, tackling a wide array of fraud types, from money mule detection to account takeover prevention.
The fund raise news has also appeared in Forbes, Reuters, The Economic Times, Business Standard, YourStory, VCC, among other media outlets.
About Bureau: Bureau is a modern no-code fraud and identity decisioning platform. It delivers accurate conclusions about the trustworthiness of digital identities to prevent fraud and ease compliance, resulting in seamless digital journeys for legitimate customers.
The single AI-architected platform provides banks, fintech, gaming, gig economy and e-commerce companies with a complete range of identity verification; fraud prevention and detection; and risk and compliance solutions. Its Identity Bureau network supplies customers with a feedback loop about digital identities based on contextualized linkages.
For more information please visit https://www.bureau.id/ or follow via LinkedIn or Twitter.
About Emphasis Ventures: Emphasis Ventures (EMVC) is a global early-stage venture capital firm recognized for top-tier expertise and thought leadership on fintech and commerce in India as well as other international markets. The firm supports visionary founders in building category-leading companies with the potential for global expansion.
EMVC has partnered from the earliest stages with leaders in various sectors, with an Indian portfolio that includes Bureau, Slice, Jar, M2P, Monnai, Card91, Bimaplan, Mysa, Wealthy, Clinikk, and Khatabook.
At the core of Emphasis Ventures’s strategy is its dedication to forging strong partnerships with startup teams, helping them scale businesses internationally by leveraging the resources of its extensive network of global strategic partners and technology executives.
As the world follows India's footsteps on fintech, global investors and corporates engage with EMVC to gain exposure to this timely, globally-relevant opportunity as well as to attain nuanced market context, strategic insights and an early and focused sourcing channel. For more information please visit https://www.em.vc/ or follow via Linkedin.