Fraud specialist Vesta secures $125M from Goldfinch Partners

https://www.mobilepaymentstoday.com/news/fraud-specialist-vesta-secures-125m-from-goldfinch-partners/
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Vesta Corp., a fintech specializing in e-commerce fraud protection, has secured a $125 million investment from private equity firm Goldfinch Partners. 

The funding will be used to grow the Vesta platform, which uses machine learning to analyze e-commerce payments, according to a press release on the funding effort.

“Since taking over as CEO in July of last year, I have refocused the company on product development, market expansion and technology enhancements,” Ron Hynes, CEO of Vesta, said in the release. “This capital infusion from Goldfinch Partners provides us the fuel to accelerate our efforts.”

The company, founded in 1995 as a specialist in card-not-present transactions in the telecommunications industry, has expanded its operations into Singapore, which will function as a hub for the company’s Asia operations. 

 


Topics: Security, Mobile Payments, Venture Capital


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https://www.mobilepaymentstoday.com/news/fraud-specialist-vesta-secures-125m-from-goldfinch-partners/