Visa has acquired FeatureSpace, a behavioral analytics company specializing in financial fraud detection, enhancing its capabilities in combating fraud in the digital payment landscape.
Information on the Target
FeatureSpace, established from the rich academic foundation of Cambridge University, has emerged as a leading entity in behavioral analytics for financial fraud detection. Co-founded by Dave Excel, with significant input from the late Mike Lynch and Professor Bill Fitzgerald, FeatureSpace has made remarkable strides since its inception. In 2012, Lynch introduced Martina King to Excel, setting the stage for the company's evolution.
Under Martina King's leadership, FeatureSpace has focused on refining its technology and identifying market opportunities. The company's primary aim became clear: to leverage its advanced behavioral analytics for the detection of financial fraud, addressing a pressing global need in the financial industry.
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Visa
invested in
FeatureSpace
in 2017
in a Other Corporate deal