Company Name: ThetaRay
Location: Hod Hasharon, Israel (with additional offices in New York, Madrid, London, Dubai, and Tel Aviv)
Business: AI-powered transaction monitoring and screening solution
Funding Raised: $57M
Lead and Participating Investors:
Portage (lead) JVP OurCrowd Others
Purpose for Funds: To bolster and accelerate global expansion endeavors.
Product/Service: ThetaRay stands out with its state-of-the-art cloud-based transaction monitoring and screening solution. Harnessing the power of its unique and patented AI technology, the platform enables swift and precise monitoring of financial transactions. This proficiency ensures the secure movement of funds globally, facilitating the authentication of transactions. Consequently, both Banks and FinTechs can not only grow their operations and penetrate new markets but also optimize the use of their internal resources and mitigate the threats associated with financial crimes.
Company Leadership: At the helm of ThetaRay is CEO Peter Reynolds, guiding the company with visionary leadership and strategic acumen.
Key Customers: Renowned financial institutions and entities such as Santander, Travelex, Mashreq Bank, MFS Africa, and ClearBank rely on ThetaRay's advanced solutions.
About: ThetaRay, with its AI-centric approach to transaction monitoring, is poised to redefine the standards of the financial sector. As global financial networks become more intricate and susceptible to threats, the demand for efficient, AI-driven monitoring solutions like ThetaRay's is set to surge. Equipped with cutting-edge technology and a robust strategy, ThetaRay is on the path to emerge as a frontrunner in ensuring the safe and efficient flow of financial transactions worldwide.