What is Paygilant?
Paygilant specializes in frictionless fraud prevention solutions, catering to the fintech, digital banking, and payments sectors. Leveraging over two decades of industry expertise, the company provides a fully managed service designed for rapid integration and a seamless user experience. Their advanced technology employs multiple intelligence sets to proactively detect fraudulent activities from the initial customer engagement point, offering robust protection for financial institutions and challenger banks aiming to bolster security and mitigate fraud-related expenses.
How much funding has Paygilant raised?
Paygilant has raised a total of $750K across 1 funding round:
Private Equity
$750K
Private Equity (2019): $750K with participation from Connecticut Innovations
Key Investors in Paygilant
Connecticut Innovations
Connecticut Innovations (ctinnovations.com) is Connecticuts strategic venture capital arm and quasipublic investment agency, providing equity and debt financing, strategic guidance, and connections to help innovative, growing companies in the state scale, with dedicated funds for sectors like AI/quantum, climate tech, and biosciences.
What's next for Paygilant?
The substantial enterprise-level funding received by Paygilant signals a strategic inflection point, likely enabling accelerated product development, market expansion, and enhanced customer acquisition efforts. This capital infusion is expected to fortify its position as a leader in combating sophisticated fraud schemes within the digital finance ecosystem, potentially leading to new partnerships and the scaling of its innovative fraud prevention services.
See full Paygilant company page
