IdentityMind inks $10M round, DataVisor dealt $40M: Friday Deal Book for 02/16/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending Feb. 16, 2018.

IdentityMind Global gets $10M in Series C

The investment will help the company meet global demand for digital identities, as well as IdentityMind’s regtech platform, which is used in automation of compliance operations, risk management, cryptocurrencies, ICOs, and fraud prevention solutions. The round was co-led by Benhamou Global Ventures and Eastern Link Capital, and it also included Hanna Ventures,, and Zanadu Capital Partners. IdentityMind provides a SaaS regtech platform that builds, maintains and analyzes identities worldwide. IdentityMind Chief Marketing Officer Jose Caldera will be speaking at the OWI KNOW Identity Conference 2018, to be held March 26-28 in Washington D.C. [Read more]

DataVisor round raises $40 million

The latest round was led by Sequoia Capital China, joined by existing investors New Enterprise Associates and GSR Ventures. DataVisor provides fraud detection software with a technique known as unsupervised machine learning, which can identify fraudulent transactions. The Mountain View, Calif.-based company detects patterns within data without first being provided a set of labels for how to categorize that information. [Read more]

Unacast ups funding by $17.5M

The latest round will allow it to expand its location data platform into the European market. Led by White Star Capital and joined by Telia, the round exceeded initial goals. Previous investors Open Ocean Capital and Investinor also increased their commitments. Based in New York City, Unacast seeks to understand human movement and behavior in the real world, allowing companies across industries to identify how people move, act and behave while maintaining and protecting user privacy. [Read more]

Payfone gets investment from Synchrony

Payfone handles identity authentication for digital channels. Synchrony plans to leverage its investment to help deliver seamless and effective digital identity authentication solutions for improved customer experience, acquisitions, and fraud prevention. Payfone provides a range of digital identity authentication and provisioning products, including Fonebook, Trust Score, and Identity Pre-Fill. [Read more]

Mswipe gets investment from B Capital

The company is India’s leading independent merchant acquirer and point-of-sale network. Mswipe offers merchants affordable mobile POS terminals priced between $40 and $180, and they can work with any mobile phone or tablet. The systems accept EMV and NFC cards. Mswipe hopes to capitalize on an Indian market where over 90 percent of retail is still unorganized. [Read more]