Casap raises $33.5M to fight the fraud customers commit against their own banks
Photo: Crypto Briefing
The AI dispute startup is betting that the biggest fraud threat to banks now comes from their own cardholders For decades, card fraud had a familiar villain: a stranger with your stolen numbers. That villain now has company, and it is often the cardholder. Casap, a startup that builds AI tools for handling card disputes and chargebacks, has raised $56 million, according to Fortune. The company’s pitch rests on one uncomfortable shift: cardholders themselves now account for nearly a third of fraudulent transactions. That is a different problem from classic identity theft. The customer is not the victim here.
Source: Crypto Briefing
