PointPredictive, a San Diego, CA-based machine learning company focused on auto, mortgage and retail lending fraud, closed a Series A funding of undisclosed amount.
The round was led by Mosaik Partners, which will take a minority interest in PointPredictive. Additionally, Miles Kilburn will join the company’s Board of Directors.
The company will use the funding to expand the adoption of its solutions.
Led by Tim Grace, CEO and President, PointPredictive provides fraud solutions for Automotive, Mortgage and Consumer Alternative Lending as well as Retail Transaction which leverage machine learning and big data to help banks, lenders and finance companies solve this billion-dollar problem.