E-commerce fraud prevention company Forter has raised $300 million in Series F funding, valuing the company at $3 billion.
The announcement comes six-months after the business completed a $125 million Series E round.
Forter said it would use the additional funding to expand its global ecosystem.
Over the past 12 months, the company has doubled the size of its global network of merchants to exceed more than $250 billion in annual online transactions.
Its revenue has grown by more than 100 per cent across the past year.
“The funding will enable us to accelerate our growth trajectory by investing in talent, technology and continued global expansion,” said Michael Reitblat, chief executive and co-founder, Forter.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
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