Thursday, July 16, 2015

Ethoca Captures $45M For Fraud Prevention Tools

Ethoca, a developer of technolgoy to help online, e-commerce merchants prevent fraud, has raised $45M in a funding round, the company said this morning. Ethoca's U.S. headquarters are in Austin. Ethoca said the funding was led by Spectrum Equity. Ethoca develops technology that allows card issuers and online merchants to share information on cadeholders, to better make decision on when e-commerce transactions are fraudulent. Ethoca said its data helps e-commerce merchants avoid chargebacks and fraud losses. Ethoca is led by Andre Edelbrock. The company has its operations split between Toronto, London, and Austin.