Visa Acquires Israeli Fraud Prevention Firm BioCatch for $2.4 Billion
How 4 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 51 minutes ago
What happened
Visa is acquiring Israeli cybersecurity firm BioCatch for $2.4 billion to boost its fraud prevention technology. Founded in 2011, BioCatch uses behavioral biometrics to detect fraud and has grown significantly under CEO Gadi Mazor. The deal, closing in Visa’s second fiscal quarter, follows a $1.3 billion investment by Permira two years ago and will expand Visa’s cybersecurity capabilities globally.
- 01Visa acquires Israeli fraud prevention company BioCatch for $2.4 billion.
- 02BioCatch uses behavioral biometrics to detect banking fraud and money laundering.
- 03Company revenues grew 49% in 2023 to $100 million annual recurring revenue.
- 04Visa protects 1.8 billion devices and serves over 350 banking clients worldwide.
- 05Permira invested $750 million for 60% of BioCatch two years ago.
- 06CEO Gadi Mazor will remain and operations will largely continue unchanged.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 4 outlets
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