4Stop, a global KYB, KYC, compliance and fraud prevention provider, has completed a German-based USD2.5 million Series A investment found led by pan-European VC fund Ventech.
The syndication of the investment from Ventech and due-diligence process was performed by renowned leading international attorneys and audit companies based out of Germany. Following, 4Stop’s business, team, and current technology solutions received high standards of performance excellence.
Ingo Ernst, CEO of 4Stop, says: “This is another major milestone for 4Stop, one that we are all very proud of achieving and a true endorsement of our business and technology potential. We are very excited to take this opportunity to expand our business, team and our KYB, KYC and anti-fraud technology solutions. Allowing us to further facilitate modern, leading-edge risk-based management, from a single API solution.”
The global growth of online transactional engagement paired with its increasing fraud rates, identity thefts and continuous evolution of the regulatory requirement landscape makes it imperative for businesses operating online to ensure they implement a solution that future-proofs their compliance and fraud defence. A need for simplistic, all-encompassing risk management solutions is proving pertinence and supports 4Stop’s technology development, market value proposition and strategy.
4Stop dramatically saves businesses time and money underwriting merchants, managing their anti-fraud processes and eliminates the need to integrate multiple 3rd party KYC data sources.
“We provide businesses with near real-time KYB, thousands of global data points, hundreds of KYC data sources and leading-edge, smart anti-fraud technology, all from a single API integration. Ensuring the most efficient, optimal data experience and future-proofed risk management processes are obtained. Bringing confidence to every merchant on-boarded through to their customers and associated transactions, empowering and accelerating business performance,” says Ernst.
