Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation
"BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company....BioCatch was founded in 2011 – at the dawn of a significant consumer shift from branch to online banking – with a mission to fight fraud and keep users safe in online transactions without disrupting user experience. Today, the Company is a leader in behavioral biometric intelligence and advanced fraud detection, leveraging patented artificial intelligence, data science, and machine learning technology to analyze a user's cognitive intent and deliver highly accurate insights as to the legitimacy of their identity, motivations, and behavior" / Closing is still subject to customary conditions and further DD, proceeds should be expected in late Q3 or Q4 of 2024, after the close of...