Financial AI startup Casap announces completion of a $56 million Series B round led by Base10 Partners

TechFlow reported on Oct. 28, citing Fortune, that financial AI startup Casap announced on Wednesday the completion of a $56 million Series B round led by Base10 Partners, with Synchrony and Experian participating as strategic investors, bringing the company's total funding to $90 million. Founded in 2023, Casap provides AI tools to help banks and credit card companies handle disputes and chargebacks. According to the company, its clients have reduced first-party fraud losses by up to 51%, increased chargeback win rates to 96% compared with an industry average of 60%, and shortened average dispute resolution time to 8 days, while traditional methods can take up to 90 days. The company did not disclose its valuation for this round.

Source: TechFlow