The round was led by GGV Capital with participation from private equity firm Heliconia Capital Management, Tony Fadell, Razer, and Stream Global. In conjunction with the funding, Jenny Lee, Managing Partner of GGV Capital, will join CashShield’s board of directors.
The company intends to use the funds to form long-term partnerships and accelerate global expansion into North America, Europe and Asia.
Founded by CEO Justin Lie, CashShield is a machine-automated solution which uses A.I. and trading tools, powered by proprietary high-frequency trading algorithms, real-time pattern recognition and passive biometric analytics for enterprises to detect and prevent online fraud. To date, the company has secured billions in Gross Merchandise Value for companies in various verticals including e-commerce, digital goods, telecommunications and online travel, screening transactions across more than 190 countries.
CashShield is also announcing the opening of its first U.S. office in Menlo Park, CA, which adds to offices in Singapore, Berlin, Jakarta and Shanghai.
FinSMEs
14/09/2017