South African Startup Orca Fraud Raises USD 550 K Pre-Seed Round
- Orca Fraud has raised USD 550K in a pre-seed round.
- The funding will be used to build fraud prevention tools and iterate with customers in South Africa.
- The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures, and others.
The funding raised by Orca Fraud will enable them to further develop their fraud prevention tools and expand their team. This investment highlights the growing importance of combating fraud in emerging markets, and Orca's focus on empowering fraud analysts and compliance officers is commendable.
