Casap raises $56m to help banks tackle surge in cardholder fraud
AI startup backed by Synchrony and Experian says its tools cut first party fraud losses by up to 51 percent
Financial AI startup Casap has raised $56 million in a Series B funding round to help banks and card companies combat a growing problem: fraud committed not by third parties but by cardholders themselves. The company announced the round, led by Base10 Partners, on Wednesday, with financial giants Synchrony and Experian joining as strategic investors.