Fraud detection technology firm Ravelin hires bankers to explore sale | Business News
A fraud detection specialist backed by some of Britain’s leading venture capital investors has hired bankers to explore a fundraising or sale.
Sky News understands that Ravelin, which counts companies including Deliveroo and Booking.com among its clients, is working with Evercore on a potential transaction.
Tech industry sources said a sale was among the options being explored by Ravelin.
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Ravelin was set up in 2014
Set up in 2014, Ravelin uses machine learning to help its users detect fraud when processing online payments.
The company was named after a type of fortification used on medieval fortresses to protect those inside.
To date, it has raised close to £30m through three funding rounds, the latest of which was announced last year.
Ravelin’s shareholders include Draper Esprit, Amadeus Capital Partners and Passion Capital.
The potential…
