A firm located in Cape Town, South Africa called Orca Fraud has acquired $550,000 in pre-seed capital. It collaborates with banks and fintechs in developing nations to combat several forms of fraud.
Investors
- Norrsken22
- First Circle Capital
- Musha Ventures
- Kara Ventures
Use of funds
The firm plans to develop, verify, and improve its fraud and compliance solutions with the money in addition to growing its workforce.
About Orca
Thalia Pillay and Carla Wilby founded Orca in January 2024 with the goal of providing fraud analysts and compliance officers with the resources they need to tackle a variety of fraud schemes. Using a single central AI-driven fraud orchestration platform, the business creates solutions that protect both traditional and decentralized financial systems by using its extensive expertise of fraud prevention and payment technologies.
