Alloy, a New York company that helps banks and fintechs make better fraud and risk management decisions, has raised $52 million. Leading the funding was Lightspeed Venture Partners and Avenir Growth with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, Felicis Ventures. The company will use the money to expand internationally, entering 40 new countries between North America, Europe, Latin America, and Asia Pacific. With this recent round, Alloy will be able to expand more quickly to tackle the fraud problems that businesses throughout the world are facing.
Alloy Raises $52M For Global Expansion