Schwarzwald Capital has made an investment in Vesta, a company engaged in developing transaction guarantee solutions aimed at enhancing the security of digital payments.
This move is designed to improve fraud prevention measures in online and card-not-present transactions. With operations spanning more than 40 countries and handling over 100 million transactions annually, Vesta has been active in digital fraud prevention for nearly three decades.
Schwarzwald Capital co-founder and managing director Kyrillos Akritidis said: “We are thrilled to partner with Vesta to drive innovation in fraud prevention.
“For millions of creators, seamless and secure payments are the backbone of their businesses. Together with Vesta, we aim to develop groundbreaking solutions that empower the creator economy and revolutionise digital transactions.”
Vesta’s approach involves monitoring the digital fingerprints of fraudulent actors across various partner sites. The company offers tailored decision-making processes that incorporate risk data to maximise sales while maintaining risk management standards.
The platform gives telecom leaders control over fraud risk prevention and payment processes through a unified solution for global payment processing and fraud management. Leveraging a comprehensive database of fraud behaviour data, Vesta aims to drive revenue growth with precise artificial intelligence (AI)-driven decision-making.
Vesta’s technology is backed by various investors, including Goldfinch Partners, which acquired the company in 2020.
The partnership between Schwarzwald Capital and Vesta includes plans to establish a joint venture focused on minimising industry exposure to fraudulent transactions, thereby increasing trust and transparency in digital commerce.
According to Schwarzwald Сapital, amid the rising volume of digital transactions, its investment serves as a crucial development in promoting secure, real-time digital payments, allowing both businesses and individuals to conduct transactions securely amidst an evolving online environment.
Vesta CEO Todd Curry said: “By combining Vesta’s deep expertise in fraud prevention with Schwarzwald Capital’s fintech acumen, we believe our partnership will help reduce transactional risk across a broad array of digital transactions. We are excited about breaking new ground with Schwarzwald.”
