Fraud prevention platform RaptorX has raised Rs 4 crore in a pre-seed funding round, co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital. The round also saw participation from prominent investors, including Peyush Bansal, Boat co-founder & CMO Aman Gupta, and senior vice presidents from Google. This new funding follows a previous raise of $120K in the same round.
Launched in 2023 by Pratyusha Vemuri, RaptorX operates at the intersection of fintech, regtech, e-commerce, and artificial intelligence. The company is focused on offering advanced fraud detection, anti-money laundering (AML), and customer risk intelligence solutions to businesses across banking and e-commerce sectors. RaptorX aims to address challenges in fraud prevention by providing predictive, real-time fraud detection, revealing hidden relationships, and enabling proactive action to ensure compliance and operational efficiency.
With the fresh capital injection, RaptorX plans to enhance its AI and machine learning capabilities, further improving integrations with payment gateways, e-commerce platforms, and banking systems. The company is also focused on expanding its team to meet growing demand in the fraud prevention space.
RaptorX’s platform aspires to build scalable infrastructure for real-time transaction monitoring and e-commerce fraud prevention. Additionally, the company plans to launch specialized AML modules for payment screening and mule detection. This comes at a crucial time, as market research forecasts the global fraud detection and AML market to exceed $129 billion by 2030.
The Mumbai-based startup has ambitious growth plans, aiming to scale to over Rs 200 crore in annual revenue. RaptorX projects significant expansion, targeting over 50 enterprise customers and handling more than 1 billion monthly transactions. As the company continues to grow, it may face competition from other players in the fraud prevention and AML space, such as Clarify, Karza Technologies, and Unit21.ai.
RaptorX is positioning itself to be a key player in the rapidly expanding market, leveraging cutting-edge technology to offer innovative solutions that improve security and operational efficiency for businesses.
