BioCatch Surpasses $100m USD ARR



"BioCatch Becomes Centaur with more than 50% Growth YoY in Annual Recurring Revenue (ARR); Achieves Profitability While Scaling Operations & Global Reach Faster than any Other Behavioral-Powered Digital Fraud Prevention Vendor in History...The milestone achievement is fueled by the rapid adoption of BioCatch Connect™️, the Company's flagship product portfolio. In particular, BioCatch saw accelerated growth among its recently released scam and mule detection modules as customers look to protect their users against sophisticated social engineering scams and eliminate criminal money laundering networks from their ecosystems...Protecting more than 315 million banking customers globally. Preventing more than $3 billion in fraud since its first customer deployment in 2016...A significant reason for BioCatch's ARR growth and market expansion is the value and return on investment the BioCatch Connect portfolio of products delivers to its customers. These returns include an average of 1,500% improvement in fraudulent account detection, an 80% reduction in transaction-related fraud rates, a 40% improvement in customer experience, a 30% reduction in false positive rates and a 30% improvement in fraud team efficiency and throughput in comparison to first-generation digital fraud detection platforms. Behavioral Biometric Intelligence is a unique tool for detecting and preventing emerging scams and financial crimes and has the added benefit of improving customer experience by simplifying and streamlining a user's online banking transaction."


https://www.prnewswire.com/news-releases/biocatch-surpasses-100m-usd-arr-301992759.html

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