Inscribe raised $25M for AI-powered financial fraud protection services.
The startup's product reviews onboarding documents from new bank customers without requiring manual human checks or compromising risk.
More:
- The invested capital was part of a Series B funding round led by Threshold Ventures.
- Inscribe's value proposition is in increasing the speed at which banks or fintech bring on new customers and approve loans.
- The startup gathers customers' information and automatically gives out an individualized risk profile.
- Similar anti-fraud startups have received capital during 2021. Resistant AI raised $16.6M, and Smile Identity raised $7M.
