nsKnox, a New York-based provider of Bank Account Validation and B2B Payment Security solutions, raised $17M in funding.
The round, which brought total funding to date to $35.6M, was led by Link Ventures and Harel Insurance & Finance, with participation from M12, Viola Ventures, and Alon Cohen.
The company intends to use the funds to scale its Go-to-Market infrastructure and to expand its product suite to corporations and banks.
Led by CEO Alon Cohen, nsKnox is a fintech-security company enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Leveraging its Cooperative Cyber Security (CCS) and Bank Account Certificate technologies, the company’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider fraud and other Advanced Persistent Fraud attacks. The company offers a technology-driven solution, the PaymentKnox Payment Security Platform, helps organizations avoid significant financial losses, heavy fines, and reputational damage by validating accounts anywhere on the globe, verifying the true entity of both sender and receiver, and preventing manipulations across every point of transaction – for both outgoing and incoming payments. It integrates with the company’s account validation technology.
FinSMEs
18/01/2023