ThetaRay, a Hod Hasharon, Israel-based provider of an AI-powered transaction monitoring solution, raised $57M in funding.
The round was led by Portage, with investments by existing investors JVP, OurCrowd and others.
The company intends to use the funds to accelerate global growth plans.
Led by CEO Peter Reynolds, ThetaRay offers a cloud-based transaction monitoring and screening solution that uses proprietary and patented AI technology to monitor financial transactions quickly and accurately. This allows the safe flow of funds across the world by establishing transactions, enabling Banks and FinTechs to grow their business and enter new markets while making more efficient use of their internal resources and reducing the risk of financial crime.
Customers include financial institutions such as Santander, Travelex, Mashreq Bank, MFS Africa and ClearBank.
The company has offices in New York, Madrid, London, Dubai and Tel Aviv.
FinSMEs
05/09/2023