Worldpay to Acquire AI Fraud Prevention Leader Ravelin

Author

Slice of Finance Team
06 Feb

Key Highlights:

  • Worldpay® has entered a definitive agreement to acquire Ravelin, a London-based AI fraud prevention platform.

  • Ravelin’s AI-powered solutions help combat payment fraud, account takeovers, and marketplace abuse.

  • This acquisition enhances Worldpay’s e-commerce growth by integrating advanced fraud prevention technology.

  • The deal is expected to close in Q1 2025, with KeyBanc Capital Markets advising Ravelin and Wells Fargo and Citi advising Worldpay.

Source: Business Wire

Notable Quotes:

❝

“Our acquisition of Ravelin aligns with our strategy to invest in innovation and AI technology, enhancing the value we provide customers and accelerating our e-commerce growth.”

Charles Drucker, CEO at Worldpay
❝

“Worldpay’s scale and reach will be an immense asset as we accelerate Ravelin’s momentum and advance our mission to eradicate fraud from the internet.”

Martin Sweeney, Co-founder & CEO at Ravelin

Why This Matters:

As fraud threats continue to evolve, businesses require cutting-edge technology to mitigate risks. Worldpay’s acquisition of Ravelin strengthens its ability to provide AI-driven fraud prevention, ensuring merchants can operate securely while improving authorization rates. This move highlights the increasing role of AI in payments security and fraud prevention, helping businesses stay ahead of emerging cyber threats.