Casap, a software company serving financial institutions, announced $25 million in a Series A funding round led by Emergence. The company works to prevent first-party fraud, a scheme where customers dispute legitimate transactions.
Casap’s technology leverages AI agents to automate the entire dispute process and help mitigate fraud losses. Its platform analyzes evidence and generates a fraud score, flagging any suspicious behavior before a financial institution initiates a refund.
The new funding enables Casap to expand its proprietary fraud scoring engine, deepen its investment in AI-powered decision making and develop an intelligence layer for post-transaction risk. It’s working to expand its solution to other use cases across the payments lifecycle.
