B2B Payment Security Firm NsKnox Raises $17 Million

By Orbit Brain January 19, 2023 0 231 views

House › Fraud & Identification Theft

B2B Cost Safety Agency NsKnox Raises $17 Million

By Ionut Arghire on January 19, 2023

B2B fee safety supplier NsKnox this week introduced that it has raised $17 million in a brand new funding spherical that brings the whole raised by the corporate to $35.6 million.

The brand new funding spherical was led by new buyers Hyperlink Ventures and Harel Insurance coverage and Finance, with participation from earlier buyers Microsoft’s M12 and Viola Ventures. NsKnox founder and CEO Alon Cohen additionally participated.

Based in 2016, the Israeli firm helps enterprises stop fraud and shield B2B transactions by securing outbound and inbound funds utilizing proprietary applied sciences, together with Cooperative Cyber Safety (CCS) and Financial institution Account Certificates.

NsKnox says its options can establish and mitigate finance and ops infrastructure assaults, enterprise e-mail compromise (BEC), insider fraud, social engineering, and different kinds of fraud assaults.

The fintech safety firm additionally supplies organizations with account validation by its PaymentKnox end-to-end fee safety platform, to confirm the id of senders and receivers and stop transaction manipulation.

NsKnox says it would use the brand new funds to broaden its product portfolio to firms and banks, and to scale its go-to-market infrastructure.

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