Next-Gen Fraud Prevention Startup RaptorX.ai Rs 4 Cr In Pre-seed Round From Marquee Investors
Funds to be utilised to expand team, AI-ML learning capabilities, and for strategic growth
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Fraud prevention software company RaptorX has raised Rs 4 crore in a pre-seed round from PeakXV Spark, EagleWings Ventures, and Point One Capital, among other marquee investors. The round also saw participation from Lenskart Founder & CEO Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google.
Founded by Pratyusha Vemuri, the funds will be used to build and enhance RaptorX’s AI and machine learning capabilities for applications in both banking and e-commerce. The company will use the fresh funds to expand its team by bringing on key talent aligning with its mission and culture. Some funds will be used to improve integrations with payment gateways, e-commerce platforms, and banking systems. Additionally, RaptorX will invest in customer onboarding, training, and support to encourage user adoption.
“This funding allows us to advance RaptorX’s team and capabilities to help businesses uncover unknown fraud patterns, minimize losses, and create trust with their customers. Our mission is to provide a proactive, AI-driven fraud prevention platform that transforms how industries manage risk,” said Pratyusha Vemuri, CEO of RaptorX
RaptorX operates at the intersection of Fintech, Regtech, E-commerce, and Artificial Intelligence, focusing on fraud prevention, anti-money laundering (AML), and customer risk intelligence. Fraud and financial crime cost businesses billions of dollars worldwide each year and present significant challenges due to their constantly evolving nature.
The company is designed to address challenges by providing predictive and real-time fraud detection, revealing hidden relationships, and enabling businesses to act proactively while ensuring compliance and operational efficiency.
Going forward, RaptorX will also look to expand its AI and machine learning capabilities for banking and e-commerce use cases. The boom in digital payments has resulted in increasingly complex fraud methods, making it harder for businesses to detect fraud in real-time while staying compliant with stringent regulations like AML, KYC, and transaction monitoring standards.
RaptorX's goal is to develop scalable infrastructure for real-time transaction monitoring and e-commerce fraud prevention. The company also intends to start dedicated anti-money laundering (AML) modules for payment screening and mule detection.
The global fraud detection and AML market is expected to surpass USD 129 billion by 2030, driven by rapid adoption in the banking and e-commerce sectors.
“Just over the last eight months, RaptorX has not only built out an innovative solution but also has completed POCs for pilot customers in banking and e-commerce. It has built a robust AI framework capable of detecting fraud rings, layered laundering, and collusion networks and has gained significant traction with a strong pipeline of key customers,” said Peyush Bansal, Founder and CEO of Lenskart.
In the next 3 years, RaptorX plans to deepen its penetration in the e-commerce and banking markets across India and Southeast Asia. It also plans to start new AI modules for return frauds, mule detection, and real-time payment screening.
