Novatus, a leading fintech company specializing in fraud prevention and detection, was founded by Ankit Rungta in 2019. With a vision to revolutionize the fight against financial crime, Ankit Rungta established Novatus to develop innovative solutions that could help financial institutions protect their customers and mitigate risks. Ankit Rungta’s expertise in computer science and passion for combating fraud have been instrumental in driving Novatus’ success.
Novatus, a prominent fintech company specializing in fraud prevention and detection, has announced a significant funding round of $40 million. This new influx of capital will enable Novatus to further enhance its capabilities and expand its offerings to financial institutions worldwide.
The funding round was led by Sequoia Capital India, with participation from Accel, Tiger Global Management, and Matrix Partners India. The investment will be used to fuel Novatus’ growth, including the development of new fraud detection technologies, the expansion of its customer base, and the strengthening of its partnerships with other industry players.
Novatus’ innovative solutions have gained traction among financial institutions seeking to protect their customers from sophisticated fraud schemes. The company’s advanced algorithms and machine learning capabilities allow it to identify and prevent fraudulent activities, such as identity theft, synthetic identity fraud, and account takeover. With this latest funding, Novatus is well-positioned to continue its mission of helping financial institutions safeguard their customers and maintain the integrity of the financial system.
