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Singapore-based EDBI invests in US-based startup Vesta

Singapore: Vesta – a US-based startup specialising in fraud protection and payment technologies, has secured an undisclosed sum in strategic investment from Singapore-based EDBI.

This investment, along with a strategic alignment with EDBI, will accelerate Vesta’s momentum and efforts to expand its fraud and approval enhancement platform across Asia Pacific (APAC).

Vesta will have its regional headquarters in Singapore.

Vesta enables companies to grow their online businesses by eliminating the fear of fraud. This allows customers to focus on what really matters for success, growing revenue. Vesta’s real-time decisioning platform — built on data science and Machine Learning  — analyses customers’ online payment transactions to assess the risk of fraud, backed by Vesta’s zero-risk, zero-liability payment guarantee, means customers never have to worry about the risk of fraud again.

Removing the fear of fraud also decreases the likelihood of incorrectly declining good customer transactions and increasing revenue. Vesta provides its service directly to partners in the telecommunications and e-commerce industries around the globe and also allows merchants to seamlessly integrate through commerce and payments platforms including Plaid, Shopify, and Verifone.

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