๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Fraud prevention platform Bureau raises $30 Mn in Series B round

EntrackrEntrackr ยท 7m ago
Fraud prevention platform Bureau raises $30 Mn in Series B round
Medial

Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The company had previously raised $20.7 million from its existing investors. The proceeds will be utilized to enhance its product portfolio, bolster talent acquisition, scale its go-to-market team, and expand its geographical reach to empower global financial ecosystems, Bureau said in a press release. Founded in 2020 by Ranjan R Reddy, Bureau is an AI-powered platform that delivers real-time, contextual fraud prevention across the entire customer lifecycle, going far beyond traditional rule-based systems. Its proprietary identity knowledge graph, with over half a billion identities and behavioral data, provides actionable risk intelligence and insights, serving global enterprises across banking, fintech, gaming, e-commerce, and consumer internet platforms. According to the Bengaluru-based company, its comprehensive solution suite includes advanced capabilities in money mule detection, account takeover, fraud ring detection, onboarding compliance, and decisioning workflows. Market research indicates that global fraud losses have surged past $5 trillion annually, a 56% increase in the past decade. The fraud prevention industry is projected to grow from $44 billion to $255 billion by 2032. Bureau enables organizations to navigate complex compliance requirements while providing a seamless experience for legitimate customers. It prevents fraud while safeguarding customer retention, revenue, and growth. It competes with IDfy, SpringVerify, AuthBridge, Digio and Perfios-owned Karza.

Indian fintech regulatory companies welcome RBI move on KYC fraud

ThehindubusinesslineThehindubusinessline ยท 1y ago
Indian fintech regulatory companies welcome RBI move on KYC fraud
Medial

Tech start-ups in India that provide regulatory services to financial institutions, such as IDfy, EMudhra, and Signzy, have welcomed the Reserve Bank of India's cautionary measures against frauds in know your customer (KYC) updation. As digital India and small businesses increasingly rely on fintech platforms, there is a growing need for fraud detection and prevention services. The RBI's warning comes in light of the rising instances of bank fraud in the country. Fintech companies are encouraged to adopt a risk-based approach to strike a balance between regulatory compliance and customer convenience. Customers are advised to avoid sharing sensitive information with unofficial channels and report any cyber fraud to their banks.

Exclusive: IDfy posts Rs 188 Cr revenue in FY25 while maintaining profitability

EntrackrEntrackr ยท 7h ago
Exclusive: IDfy posts Rs 188 Cr revenue in FY25 while maintaining profitability
Medial

Exclusive All Stories Exclusive: IDfy posts Rs 188 Cr revenue in FY25 while maintaining profitability According to the startup data intelligence platform TheKredibe, Blume Ventures is the largest external stakeholder with 20.53% followed by Trans Union International, which owns 7.1% of the company. Kunal Manchanada 19 Jul 2025 11:44 IST Identity verification startup IDfy has maintained its growth momentum, achieving 30% year-over-year growth during the previous fiscal year, which ended in March 2025. At the same time, the company is back to profitability, according to two sources and documents reviewed by Entrackr. IDfyโ€™s revenue from operations increased to Rs 188.5 crore in FY25 from Rs 145 crore in FY24, as per the documents. Founded by Ashok Hariharan, Vineet Jawa, and Hatim Baheranwala, IDfy builds technology products that help businesses authenticate individuals and entities with minimal friction. The professional fees collected from the clients for providing services are the primary revenue stream for the company. The Mumbai-based company claims to serve over 1,500 clients across various sectors, including BFSI, FMCG, e-commerce, gaming, the sharing economy, and large conglomerates. According to IDfy, it has impacted more than 150 million lives and processes over 60 million verifications every month. IDfyโ€™s decent revenue growth, coupled with controlled costs, helped the company post a notable profit of Rs 7.8 crore in FY25. In comparison, the company had reported a loss of Rs 8.8 crore in FY24. Responding to Entrackr's queries, an IDfy spokesperson said, "Since the numbers are unaudited we cannot comment on or respond to this." IDfy has raised over $50 million in total funding so far, including a $27 million round comprising both primary and secondary components from Elev8, KB Investment, and Tenacity Ventures in March last year. According to the startup data intelligence platform TheKredibe, Blume Ventures is the largest external stakeholder with 20.53% followed by Trans Union International, which owns 7.1% of the company. IDfy competes with several players in the identity verification and fraud prevention space, including Delhi-based AuthBridge, which raised $7 million from Phi Capital; Groww-backed Digio, Karza, owned by Perfios; SpringVerify, and a few others. With digital onboarding and compliance becoming essential across sectors, the identity verification and fraud prevention space is expanding rapidly. IDfy, with revenue nearing Rs 190 crore in FY25 and continued profitability, is emerging as a key player driving this momentum. Backed by strong growth and deep-tech capabilities, the company has marked a solid position for itself. Letโ€™s see where it goes from here.

ID verification platform IDfy raises $27 Mn in primary and secondary

EntrackrEntrackr ยท 1y ago
ID verification platform IDfy raises $27 Mn in primary and secondary
Medial

Identity verification startup IDfy has raised $27 million in a mix of primary and secondary fundraise from Elev8, KB Investment, and Tenacity Ventures. In October 2021, the Mumbai-based startup had raised $11.5 million in its Series D round led by TransUnion and Blume Ventures. With this fresh fundraise, IDfy further strengthens its position as Asiaโ€™s leading integrated identity platform and is poised for further expansion across the continent, the company said in a press release. Founded by Ashok Hariharan, Vineet Jawa and Hatim Baheranwala, IDfy builds technology products and solutions that accurately authenticate entities. This helps businesses prevent fraud and engage with verified entities with the least amount of friction. Its AI-based platform is used by organizations to streamline and automate their KYC, employee and merchant onboarding. IDfy claims to serve over 1,500 clients across diverse sectors like BFSI, FMCG, e-commerce, gaming, sharing economy, and conglomerates. Its clients and partners are spread across India, South East Asia, and the Middle East. The list includes the likes of Amazon, Airbnb, HDFC Bank, Dream11, and VISA. The firm also said that it has impacted over 150 million lives and runs over 60 million verifications every month. IDfy registered Rs 108 crore in revenue from operations in FY23 against Rs 56 crore in FY22, according to startup data intelligence platform TheKredible. The company also turned profitable in FY23 with Rs 4 crore profit compared to Rs 18 crore loss in FY22. IDfy competes with SpringVerify, AuthBridge, Digio and Perfios-owned Karza.

New rules on data protection likely to be notified soon

Economic TimesEconomic Times ยท 8m ago
New rules on data protection likely to be notified soon
Medial

The administrative rules for the Digital Personal Data Protection (DPDP) Act in India are expected to be notified before the Maharashtra assembly elections in November. The DPDP Act, enacted in August 2023, aims to regulate the storage, processing, and transfer of personal data. It emphasizes a consent-based framework and strong rules for parental consent for children under 18. The Ministry of Electronics and Information Technology has reassured stakeholders of adequate time for implementation and plans to provide guidance to ensure compliance. Companies are advised to prepare by conducting data mapping, audits, reviewing agreements, and implementing security safeguards. Compliance with the DPDP Act is an ongoing effort.

Download the medial app to read full posts, comements and news.