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12/20/2024
How Bureau Fights The World’s Fraudsters One Identity At A Time
Forbes
Who will staunch the flood of fraud that is engulfing the world? Nasdaq’s latest research suggests losses from financial crime have now reached a staggering $485 billion a year, as fraudsters cash in on digital connectivity and harness new technologies to target their victims.
One company promising to take a stand against these fraudsters is Bureau. The California-based start-up, which is today announcing the successful completion of a $30 million Series B financing round, says its risk intelligence platform can help enterprises and other organisations to combat sophisticated fraud attacks.
Forbes first profiled Bureau in July 2023, revealing news of its $16.5 million Series A round. Since then, the company’s customer numbers and revenues have both tripled, says Ranjan Reddy, founder and CEO. It has verified more than 600 million identities on behalf of more than 150 customers, he adds.
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