ThetaRay: Raises $31m to fuel cross-border payments expansion

ThetaRay: Raises $31m to fuel cross-border payments expansion

1. ThetaRay, an Israeli cybersecurity, and data analytics business, has raised $31 million in a fresh round of funding
2. Eric Benhamou, through Benhamou Global Ventures, and Saints Fund, which has assigned one of its managing partners as an observer
3. The round included existing investors OurCrowd, Bank Hapoalim, SBT, and others
4. The company claims it would use the funds to “complete the crime prevention revolution” by extending the cross-border payment sector
5. It has also revealed that the Nigerian and Ukrainian governments have chosen it to combat terrorism financing and fraud
6. The firm says it protects banks against attempts to abuse their money transfer platforms for sophisticated money laundering