The ai Corporation (ai), a London, UK-based expert in payments, fraud and risk management, secured $2.5m in funding.
Its principal existing shareholders participated in the round.
Founded in 1998 and led by Dr Mark Goldspink, ai provies a suite of payment and fraud prevention solutions, including machine learning risk management tools, to businesses across the globe, with several new contract wins in the EU, US, Australia and Africa.
Its solutions, including its machine learning/A.I, protect and enrich payments experiences for over three million multi-channel merchants, 100 banks and over 300 million consumer cardholders.
ai also monitors over 25 billion transactions and authorisations each year.