Fraud orchestration company fcase has received investment from start-up and scale-up funders Wayre UK, part of Telefonica’s innovation hub, with the support of law firm Shakespeare Martineau.
fcase, which specialises in fraud detection and prevention orchestration technology will use the investment to further develop its sophisticated and extremely flexible technology, which centralises and automates the end-to-end framework for fraud operation centres.
The team at Shakespeare Martineau advised on the corporate and tax issues relating to the investment having previously worked with fcase advising on business immigration.
Catherine Moss, partner and corporate finance expert at Shakespeare Martineau, a firm that specialises in fast growth businesses and tech, said: “Cybersecurity, tech and digital are all proving sound investment areas for many funds. With fraud increasing as more people started working from home, it’s innovative technologies like those created by fcase which will make a difference to the safety and security of people and businesses by creating accessible, easy to use digital solutions supporting consumer financial services products. We look forward to continuing with fcase as they grow.”
Emre Sayin, CEO of fcase said: “We found that too often, banks, financial services, and insurance companies face the challenge of siloed anti-fraud systems and operations with little-to-no cross-functional or departmental communication, delivering significant inefficiencies and gaps that fraudsters exploit. For fraud prevention and operations to be effective, the enterprise must be connected and working in harmony via one final fraud orchestration layer connecting and managing point systems, such as anti-fraud.
“With our unified system, enterprises have a full picture of their fraud operations, diminished operational challenges, and a superior customer experience. Not only does fcase set a new standard for fraud operations management, but we also guarantee effective customer support through our 24/7 on-call system.
“This is a really exciting step in our growth journey and the team at Shakespeare Martineau have played a crucial part in getting our business investment-ready.”
The Shakespeare Martineau team for the deal was Catherine Moss, Georgia Keogh, Oliver Gutman and Tijen Ahmet.