Bureau, a frictionless identity verification and fraud protection platform, has emerged from stealth with a $12 million Series A round led by Quona Capital, with participation from Commerce Ventures, Okta Identity as well as strategic angels Mark Britto, EVP Chief Product Officer at Paypal, and Bobby Mehta, Retd. President and CEO of TransUnion.
The company said the latest funding will be used to enhance the products and establish a wider footprint in India and South-East Asia. The company also plans to double-up on its current capabilities in end-to-end customer on-boarding and launch solutions including account takeover prevention, transaction monitoring, and solving return-to-origin (RTO), and chargebacks use cases, the statement added.
