Permira Growth Opportunities II acquires a majority stake in digital fraud detection leader BioCatch for $1.3bn.
Permira Growth Opportunities II acquires a majority stake in BioCatch, a digital fraud detection leader, for $1.3bn. BioCatch uses AI, data science, and machine learning to analyze user behavior and detect fraud. The acquisition aims to support BioCatch's growth, strengthen its global position, and advance its product roadmap, with more than 190 financial institutions as customers, including 30 of the world's largest 100 global banks.
May 02, 2024
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