nSure.ai raises $6.8 million
Tel-Aviv based predictive AI fraud protection solutions provider for digital goods retailers NSure.ai has raised $6.8 million, led by DisruptiveAI, Phoenix Insurance Company , Kamet Ventures – an AXA backed venture builder, Moneta Seeds and private investors.
Founded in 2019, nSure is an AI-based fraud protection solution built for sellers of fraud-attractive goods and services such as gift cards, airline tickets, concert and sports tickets, hotel vouchers, software, games and more. The company helps retailers reduce decline rates, increase revenue and improve customer satisfaction. These funds will go towards further developing nSure.ai’s predictive AI and machine learning algorithms which according to the company reduce decline rates by 90%.
“We believe that fraud, especially in the booming field of digital goods, can only be fought with top-of-the-line AI technologies. nSure.ai has both the technology and industry understanding to win this market.” – Gadi Tirosh, Venture Partner at Disruptive AI.
“We are thrilled that our investors have placed their trust in our leadership and confidence in nSure.ai. This investment enables us to register thousands of new merchants, who can feel confident selling higher-risk digital goods, without accepting fraud as a part of business.” – Alex Zeltcer, co-founder and CEO.
nSure.ai solution currently monitors and manages millions of transactions every month, and has approved close to $1B in volume since going live.