EverCompliant, a New York , NY-based Tel Aviv-based provider of cyber risk intelligence and merchant fraud detection solutions, raised $3.5m in Series A financing.
The round was led by Carmel Ventures, Nyca Partners and existing investor Joey Low from Star Farm Ventures.
The company will use the funding to further develop its product suite, MerchantView, and accelerate its global expansion.
Led by Ron Teicher, Chief Executive Officer, EverCompliant provides cyber intelligence that allows acquiring banks and payment service providers (PSPs) to manage merchant-based fraud and cyber risk. Its focus is to provide a range of solutions that give acquirers and PSPs the relevant information to check ongoing and newly boarded merchants, while guiding them through the process of managing online risk, detecting transaction launderers, hidden transaction tunnels and fraud detection.