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RaptorX Raises ₹4 Crore to Boost AI-Powered Fraud Prevention
RaptorX, a fraud prevention software startup, has raised ₹4 crore in pre-seed funding from investors including PeakXV Spark, EagleWings Ventures, and Point One Capital. Notable backers such as Peyush Bansal (Founder & CEO of Lenskart) and Aman Gupta (Co-founder & CMO of Boat) also participated, along with senior executives from Google.
The funding will be used to enhance RaptorX’s AI and machine learning capabilities, expand its team, and improve integrations with banking and e-commerce systems. The company aims to tackle evolving financial crimes with predictive and real-time fraud detection solutions.
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Growth Plans and Product Focus
Founded by Pratyusha Vemuri, RaptorX plans to scale its fraud prevention solutions to handle over 1 billion monthly transactions and onboard more than 50 enterprise clients.
“This funding allows us to advance RaptorX’s capabilities to uncover fraud patterns, reduce losses, and help businesses manage risks proactively,” said Vemuri.
RaptorX also plans to launch specialized modules for Anti-Money Laundering (AML), return fraud detection, and real-time payment screening. It targets ₹200 crore in annual revenue over the next few years by deepening its reach in banking and e-commerce markets across India and Southeast Asia.
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Addressing Financial Crime Challenges
The global digital economy has seen a rise in fraud and financial crimes, costing businesses billions annually. RaptorX’s solutions aim to address these challenges through:
- Real-Time Monitoring: Detecting fraud as it happens.
- AI-Powered Insights: Identifying fraud networks and patterns.
- Compliance Support: Ensuring adherence to AML and KYC regulations.
Recognition and Patents
RaptorX’s efforts have earned it several accolades, including:
- CSI Outstanding Cyber Security Startup of the Year
- Digital Fraud Prevention Solution of the Year
- Cyber Security Rising Star of the Year
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The company has also filed ten deep-tech patents within seven months and was among the Top 50 finalists in Singapore’s prestigious deep-tech competition, selected from over 7,000 startups globally.
Fraud Prevention Software: Market Outlook
With the global fraud detection and Anti-Money Laundering (AML) market projected to exceed $129 billion by 2030, RaptorX is positioning itself as a key player. The startup is building scalable infrastructure for real-time transaction monitoring and aims to stay competitive in an increasingly complex landscape of digital payments and financial crime.
The company’s focused strategy on AI innovation and customer acquisition places it on track to achieve sustainable growth while addressing pressing challenges in fraud prevention.
Disclaimer: This content was not produced by the TICE editorial team. It is a press release sent by the respective company/representative/public relations team. At best, it may have been tweaked creatively or editorially without altering any provided facts.
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