Visa has agreed to acquire BioCatch, the Tel Aviv-based behavioral biometrics and fraud detection pioneer, in a $2.4 billion cash deal expected to close in Q2 2027. BioCatch has 760 million users worldwide through 350 banking clients — including three of the top four U.S. banks by assets — and reported $185 million in annual recurring revenue in 2025. The deal gives Visa a suite of cybercrime and fraud detection technologies spanning the customer lifecycle, from account onboarding through transaction authorization, as it looks to get ahead of AI-powered fraud and scams that cost the global economy over $1 trillion annually. This is part of a broader security build-out for Visa, which has now invested roughly $13 billion in digital identity and fraud prevention technologies, including payment passkeys and AI agent fraud tools. BioCatch had been owned by a group of shareholders including funds advised by Permira since a $1.3 billion deal in 2024.
Visa Acquires Behavioral Biometrics Pioneer BioCatch for $2.4B
