Casap secured $25 million in Series A funding. Emergence Capital led the round. Lightspeed Venture Partners, Primary Venture Partners, and SoFi also participated. This investment brings Casap's total funding to $33.5 million. The company focuses on intelligent automation for AI payment disputes and fraud operations.
Revolutionizing Dispute Resolution
Financial institutions face challenges managing payment disputes. Traditional methods are often slow and expensive. Casap offers a modern solution for financial institutions. Its AI-powered platform streamlines dispute resolution and reduces fraud losses.
The platform leverages AI automation to handle the full dispute lifecycle. It intelligently analyzes evidence and predicts outcomes. Furthermore, it automates key actions like issuing credits and filing chargebacks.
Casap's proprietary fraud score enhances fraud prevention. This system identifies suspicious consumers and merchants proactively. Consequently, customers benefit from real-time decisions and predictive win scores.
Casap's platform systematically addresses first-party fraud. This type of fraud accounts for 30-50% of total fraud losses. Unlike traditional solutions or competitors like Chargeback Gurus, Casap provides a unified intelligent system. Another firm in this space is Riskified.
The funding will accelerate the expansion of Casap's first-party fraud scoring and AI decisioning. It will also support key hiring initiatives. Casap aims to eliminate friction across the payments lifecycle.
