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- Casap Raises $8.5M to Revolutionize Fraud Prevention & Dispute Automation
Casap Raises $8.5M to Revolutionize Fraud Prevention & Dispute Automation
Slice of Finance Team
30 Oct
Key Highlights:
$8.5M raised to enhance Casap’s AI dispute automation and fraud prevention.
Led by Lightspeed Venture Partners with other fintech industry leaders.
First-party fraud score system to curb fraud costs for banks, credit unions, and fintechs.
29% cost savings for institutions with faster dispute resolutions and consumer loyalty focus.
Proven results with partners like Chartway Credit Union seeing immediate impact.
Source: PR Newswire
Notable Quotes:
"Our platform helps banks, credit unions and fintechs meet these challenges head-on with intelligent automation that delivers fast, frictionless dispute resolution at a fraction of today’s cost."
"Casap gives banks, credit unions and fintechs the tools they need to resolve genuine disputes quickly, while curbing the rising costs of fraud."
"Casap's customizability helps us adapt quickly to evolving needs, fraud trends, and transforms the way we work across the credit union."
Our Take:
Casap’s recent funding round highlights its role as a disruptive force in fraud prevention and disputes automation, addressing a growing need for streamlined, intelligent solutions in financial institutions. The $8.5 million investment by industry leaders underscores a clear market demand for tools that not only curb fraud but also enhance operational efficiency. Casap’s AI-driven "first-party fraud score" and regulatory insights offer unprecedented transparency, setting it apart as a cost-saving, trust-building asset for banks, credit unions, and fintech firms in a market increasingly driven by consumer satisfaction and loyalty.