Kount, a Boise, ID-based provider of online and mobile fraud detection and prevention solutions, received an $80m growth equity investment.
CVC Capital Partners‘ CVC Growth Fund made the investment.
The company will use the funds to accelerate product innovation, expand its global presence, and enhance customer support services.
Led by Brad Wiskirchen, CEO, Kount provides cloud-based fraud detection solutions that enable merchants to reduce fraudulent transactions made online and via mobile, credit card chargebacks, and improve customer satisfaction.
Kount works with a number of sectors, including retail, financial services, and gaming. Its end-to-end solution is used by thousands of merchants, payment processors, and payment service providers around the world, including Chase Paymentech, PayPal-owned Braintree, New Balance, Spotify and Bodybuilding.com. Kount owns its own proprietary technology and holds dozens of patents in the space.