Bureau Secures $30 Million in Series B Funding to Combat AI-Powered Fraud with Advanced Risk Intelligence Platform

PayPal Ventures joins $30 million round in fraud prevention platform Bureau

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. A leading risk intelligence platform, which has seen its revenue grow 3x since it's last fundraise, is arming businesses with AI to combat the exponential rise in sophisticated fraud attacks worldwide. The round was led by Sorenson Capital with participation from PayPal Ventures and continued support from Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The funding will accelerate Bureau's product expansion into new use-cases, and geographical expansion to several new markets worldwide to meet a significant surge in global demand. For founder and CEO Ranjan Reddy, the mission is personal. After falling victim to cyber fraud himself, he built Bureau to transform how businesses verify digital identities and detect fraud. Through his experience building Qubecell and Boku Identity, Reddy recognized that "Who are you?" and "Can I trust you?" are fundamental questions every digital company must answer at each step of the customer journey. "As cyberfraud reaches unprecedented levels, Bureau stands at the forefront of the fight against digital fraud," explained Ranjan Reddy, CEO and Founder. Money mule accounts, deepfake identities, account takeover, and payment fraud have surged with sophisticated AI-powered tools, impacting every corner of the digital economy. Bureau's proprietary technology, powered by Graph Neural Networks, neutralizes these threats to the digital economy. Traditionally, compliance, fraud, security, and credit risks have been siloed in companies and served by multiple point solutions in each domain. Bureau's platform brings together device intelligence, behavioral AI, identity data, and predictive modeling to deliver contextual fraud prevention that goes beyond traditional rule-based systems. The company's proprietary identity knowledge graph now contains over half a billion identities and behavioral patterns, providing real-time risk intelligence across the entire customer lifecycle. "Bureau utilizes a unique combination of device, behavior, financial, and partner data to quickly block scammers without creating deal-breaking headaches for users," said Rob Rueckert, a Partner at Sorenson Capital. "By preventing fraud while avoiding any harm to customer retention, revenue, and growth, Bureau is truly differentiated in the vast and significant fraud-prevention space, and the proof is in their success." What typically would require several vendor integrations, multiple data API outputs, and complex rule engines can now be accomplished through one platform. Bureau's comprehensive capabilities span money mule detection, account takeover prevention, fraud ring detection, onboarding compliance, and decisioning workflows. Unlike other solutions that act as data brokers, Bureau shares decisions rather than consumer data, with tokenized identities built into its privacy architecture. The platform has proven particularly valuable for banking, fintech, gaming, and e-commerce companies facing sophisticated cyber threats and increasing regulatory pressures. Results demonstrate its impact across use cases - from detecting collusion in gaming platforms through behavioral AI, to preventing synthetic identity fraud in neobanks, to enabling secure lending to new-to-credit customers through improved risk profiling. As a result, Bureau has earned recognition as a top global leader in preventing fraud by Liminal. The funding will support two key expansion initiatives: enhanced data and AI capabilities to improve decision efficiency and coverage, and geographical expansion to serve more markets globally. Bureau's current focus has been on Asia, and this round will fuel its expansion to additional regions, enabling more businesses worldwide to access its comprehensive fraud prevention capabilities. "In an era where AI-powered fraud threatens the digital economy, Bureau's focus will remain on improving digital trust by protecting and accelerating customer journeys," added Ranjan Reddy. The future of fraud is AI-powered. Now, with Bureau, the future of prevention is, too.

PayPal backs Bureau with £23M Series B as global fraud surges | bobsguide

With global fraud losses soaring to £386 billion annually, businesses are turning to advanced AI-driven solutions like Bureau to combat increasingly sophisticated cyber threats. Global fraud losses have surged to £386 billion annually, prompting a new wave of investment in anti-fraud technology. Bureau, a risk intelligence platform specialising in AI-driven fraud prevention, has raised £23 million in Series B funding, led by Sorenson Capital with participation from PayPal Ventures. The investment comes as businesses face increasingly sophisticated cyber threats, with fraudsters leveraging AI to outsmart traditional defences. Bureau, which has seen its revenue triple since its last funding round, plans to use the funding to expand into new markets and enhance its technology. For Bureau's founder and CEO, Ranjan Reddy, the fight against fraud is deeply personal. After falling victim to cyber fraud himself, he set out to create a platform that transforms how businesses verify digital identities and detect threats. "For every digital interaction, businesses must ask two critical questions: 'Who are you?' and 'Can I trust you?'" said Reddy. Bureau's technology, powered by Graph Neural Networks, tackles a range of challenges, from money mule accounts and deepfake identities to account takeovers and payment fraud. Unlike traditional rule-based systems, the platform combines device intelligence, behavioural AI, and predictive modelling to deliver real-time, contextual fraud prevention. "This isn't just about preventing fraud -- it's about restoring trust in digital transactions," added Reddy. The platform's comprehensive capabilities allow businesses to consolidate what would otherwise require multiple vendors, API integrations, and complex rule engines. Bureau's proprietary identity knowledge graph, which now includes over half a billion identities and behavioural patterns, provides businesses with real-time insights across the entire customer lifecycle. Rob Rueckert, a Partner at Sorenson Capital, noted Bureau's unique approach: "Bureau stops fraud without disrupting the customer experience -- a balance that's critical in today's digital economy." The funding will accelerate Bureau's global expansion and bolster its data and AI capabilities. While the company has primarily operated in Asia, this new investment will allow it to bring its solutions to additional regions, where demand for advanced fraud prevention tools continues to grow. Bureau has already demonstrated its impact across industries. Fintech firms have used the platform to tackle synthetic identity fraud, while gaming platforms have deployed its behavioural AI to detect collusion. Its privacy-first approach, which uses tokenised identities, also ensures compliance with data protection regulations, further increasing its appeal to businesses under pressure from growing regulatory scrutiny. The backing from PayPal Ventures signals confidence in Bureau's ability to address the pressing challenges of the digital economy. As fraud continues to evolve, Bureau's integrated AI-driven approach offers a glimpse into the future of fraud prevention -- one where businesses can protect their customers while maintaining trust in an increasingly hostile digital environment.

Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal's Help | PYMNTS.com

Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial intelligence (AI) to help businesses combat increasingly sophisticated forms of fraud, the company said in a Wednesday (Dec. 18) news release. "For founder and CEO Ranjan Reddy, the mission is personal," the release said. "After falling victim to cyber fraud himself, he built Bureau to transform how businesses verify digital identities and detect fraud." The release added that Reddy's tech experience had taught him that "Who are you?" and "Can I trust you?" are key questions every digital company must answer throughout the customer journey. That's even more important amid a surge in things like deepfake identities, account takeover and payment fraud thanks to the rise of AI. "Bureau utilizes a unique combination of device, behavior, financial, and partner data to quickly block scammers without creating deal-breaking headaches for users," said Rob Rueckert, a partner at Sorenson Capital, which led the funding round. "By preventing fraud while avoiding any harm to customer retention, revenue, and growth, Bureau is truly differentiated in the vast and significant fraud-prevention space, and the proof is in their success." In other fraud prevention news, PYMNTS wrote earlier this month about the rise of fraud tied to social engineering scams, even as payment-related frauds are on the decline. Research by PYMNTS Intelligence shows that scams became the top form of fraud this year, surpassing digital payment fraud. The share of scam-related fraud rose by 56%, and while financial losses from scams jumped 121%. "Scams now account for 23% of all fraudulent transactions, with relationship/trust and product/service scams responsible for most losses," PYMNTS wrote. "These scams manipulate individuals into authorizing fraudulent transactions, often using deceptive tactics. Additionally, fraud involving compromised credentials, where individuals are tricked into revealing account details, is also on the rise." The increase in scams over digital payment fraud spotlights the evolving strategies of fraudsters, who now dig into vulnerabilities in human behavior rather than targeting technical flaws in digital payment systems. As a result, financial institutions face a bigger challenge in managing fraud, with scams becoming more frequent and sophisticated. The percentage of financial institutions reporting an increase in fraud-related dollar losses climbed by 40% in 2024, up from 29% last year.

Bureau secures $30M to expand risk intelligence platform and global reach - SiliconANGLE

Bureau secures $30M to expand risk intelligence platform and global reach Risk intelligence platform startup Bureau Inc. announced today that it had raised $30 million in new funding to accelerate product expansion into new cases and to expand into new markets to meet global demand. Founded in 2020, Bureau offers a no-code identity decisioning platform designed to help businesses prevent fraud, ensure compliance and enhance user experiences. The company's solutions span customer onboarding, account monitoring, device intelligence, behavioral biometrics and transaction monitoring. The company's founder and Chief Executive Officer, Ranjan Reddy, who was previously involved in startups including Qubecall Ltd. and Boku Identity Inc., founded Bureau after becoming a victim of cyber fraud. As the company tells the story, Reddy recognized that "Who are you?" and "Can I trust you?" are fundamental questions every digital company must answer at each step of the customer journey. Bureau's offering differs from traditional providers by unifying compliance, fraud, security and credit risk management into a single platform. The company's platform leverages device intelligence, behavioral artificial intelligence, identity data and predictive modeling to deliver advanced, contextual fraud prevention that surpasses rule-based systems. The unified platform replaces the need for multiple vendor integrations, multiple data application programming interface outputs and complex rules engines. Bureau's capabilities include money mule detection, account takeover prevention, fraud ring detection, onboarding compliance and decisioning workflows. Bureau's platform has found success in banking, fintech, gaming and e-commerce, where companies face sophisticated cyber threats and increasing regulatory pressures. Use cases among existing clients include detecting collusion in gaming platforms through behavioral AI, preventing synthetic identity fraud in neobanks and enabling secure lending to new-to-credit customers through improved risk profiling. The Series B round was led by Sorenson Capital Partners LP, with PayPal Ventures and previous investors Commerce Ventures, GMO Venture Partners Co. Ltd., Village Global LP, Quona Capital Management Ltd. and XYZ Ventures also participating. "Bureau utilizes a unique combination of device, behavior, financial and partner data to quickly block scammers without creating deal-breaking headaches for users," Rob Rueckert, partner at Sorenson Capital, commented on why the firm invested in the company. "By preventing fraud while avoiding any harm to customer retention, revenue and growth, Bureau is truly differentiated in the vast and significant fraud-prevention space, and the proof is in their success."

Bureau Bags $30 Mn To Offer Fraud Prevention Solutions To Enterprises Bureau Bags $30 Mn To Offer Fraud Prevention Solutions To Enterprises

Founded in 2020 by Ranjan R Reddy, Bureau offers real-time digital fraud prevention solutions to businesses across banking, fintech, gaming, e-commerce, and consumer internet platforms AI-driven B2B startup Bureau has secured $30 Mn (around INR 254 Cr) in a Series B funding led by Sorenson Capital, along with participation from PayPal Ventures. The round also saw participation from some of its existing investors - Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital and XYZ Ventures The startup plans to use the fresh capital to boost its product portfolio, scale up workforce, especially go-to-market team and expand its geographical reach to empower global financial ecosystems, Bureau said in its statement. Founded in 2020 by Ranjan R Reddy, Bureau offers real-time digital fraud prevention solutions to businesses across banking, fintech, gaming, e-commerce, and consumer internet platforms. "As cyberfraud reaches unprecedented levels, Bureau stands at the forefront of the fight against digital fraud. The investment from Sorenson Capital and PayPal ventures validates our revolutionary approach to fraud prevention and accelerates our mission to protect businesses and consumers worldwide," said Reddy. Bureau's solution suite includes advanced capabilities in money mule detection, account takeover, fraud ring detection, onboarding compliance and decisioning workflows. The Reserve Bank of India (RBI) is also working towards fraud monitoring, as it was reported a few weeks ago that it is looking to develop an AI-enabled system to alert individuals about real-time financial fraud. The Reserve Bank of India Innovation Hub (RBIH), an RBI subsidiary, has developed MuleHunter AI, an artificial intelligence and machine learning (AI/ML) model to help banks and financial institutions detect mule accounts used by fraudsters. Earlier this year, the Department of Telecommunications (DoT) launched its 'Digital Intelligence Platform' (DIP) and 'Chakshu' facility to combat cybercrime and financial fraud. With reliance on digital technology and AI, we are also witnessing a surge in cyber and financial fraud. RBI Governor Shaktikanta Das, during the 90th High-Level Conference organised by the RBI, cautioned that a heavy reliance on AI could lead to concentration risks in the financial sector. On the flip side, new AI-powered startups are also bringing solutions to minimise financial frauds and risks.