BlockFraud Inc., a Los Angeles, CA-based mobile carrier anti-fraud technology company, closed $5m Series A funding.
The round was led by Palisades Venture Capital.
The company intends to use the funds to develop new international mobile carrier partnerships to further expand the global reach of its anti-fraud services.
Led by Massimo Cristini, CEO, BlockFraud operates mobile billing anti-fraud technology that provides a targeted selection of proprietary anti-fraud software to mobile carriers around the world. The company is comprised of an international network of mobile billing experts and developers who have created a range of innovative mobile billing fraud solutions.
BlockFraud partners with domestic and international mobile carriers to implement its advanced software and protect subscribers worldwide against various forms of mobile billing fraud.