RaptorX, a cutting-edge fraud prevention software platform, has raised ₹4 crore in a pre-seed funding round.
The round was co-led by prominent investors, including PeakXV Spark, EagleWings Ventures, and Point One Capital, with additional backing from Peyush Bansal, Aman Gupta, and senior leaders from Google. This funding follows an earlier $120K raised in the same round.
The infusion of funds will enable RaptorX to bolster its AI and machine learning tools, specifically tailored for the banking and e-commerce sectors. The company plans to expand its team, enhance integrations with payment gateways, and develop more robust connections with e-commerce platforms and banking systems.
Launched in 2023 by Pratyusha Vemuri, RaptorX operates at the crossroads of fintech, regtech, and artificial intelligence. Its primary focus is fraud prevention, anti-money laundering (AML), and customer risk intelligence. The platform leverages predictive analytics and real-time monitoring to uncover hidden fraud patterns, empower businesses with proactive measures, and maintain regulatory compliance.
To address the growing challenges of transaction fraud, RaptorX is working on scalable infrastructure for real-time fraud detection in e-commerce and banking. The company also plans to introduce specialized AML modules to enhance payment screening and detect money mule activities.
As the global fraud detection and AML market is projected to exceed $129 billion by 2030, RaptorX aims to position itself as a leading player. With plans to manage over 1 billion monthly transactions and serve 50+ enterprise customers, the Mumbai-based startup is laying the groundwork for significant ARR growth, targeting ₹200 crore in annual revenue in the coming years.
RaptorX’s innovative approach places it in direct competition with established players like Clarify, Karza Technologies, and Unit21.ai. However, its focus on leveraging advanced AI and ML technologies, coupled with strategic partnerships, sets it apart in the rapidly evolving fraud prevention landscape.
By tackling fraud with real-time insights and predictive capabilities, RaptorX is not only enhancing operational efficiency for businesses but also setting a new standard for secure and compliant financial transactions. With this latest funding, the company is poised to redefine the future of fraud prevention across industries
