Payments software firm Worldpay has agreed a deal to acquire Ravelin, an AI-powered fraud prevention platform headquartered in the UK.Ravelin signs acquisition deal with WorldpayWorldpay expects to close the transaction in Q1 2025. Financial terms have not been disclosed.Founded in 2015, Ravelin’s AI platform supports solutions that currently assist over 300 e-commerce merchants in predicting and preventing different types of financial crime.Using machine learning models and graph networks, these solutions are able to identify suspicious activity across payment fraud, account takeover, return and refund abuse, promotion and voucher abuse, and marketplace fraud.Worldpay expects the purchase to complement its existing portfolio of fraud prevention solutions and “enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally”.Charles Drucker, CEO of Worldpay, says the agreement to acquire Ravelin aligns with the company’s strategy to invest in AI technology, adding that Ravelin’s tech and expertise “will significantly enhance Worldpay’s overall value proposition to the marketplace”.Worldpay, which has been majority-owned by US-based private equity firm GTCR since 2023, claims to have processed around $2.5 trillion in payments volume and over 50 billion transactions last year.
Mer. Feb 5th, 2025
