US fintech Bureau raises $30m Series B led by Sorenson Capital
Bureau, a fraud prevention and identity solutions provider, has secured a $30 million Series B funding round led by US-based venture capital firm Sorenson Capital, which manages $1.5 billion in assets.
Bureau bags $30 million Series B
The round also saw participation from PayPal Ventures and existing backers Quona Capital, Commerce Ventures, GMO Venture Partners, Village Global, and XYZ Ventures.
Founded in 2020 and headquartered in San Francisco, Bureau offers a risk intelligence platform with features including onboarding compliance, money mule detection, transaction monitoring, behavioural biometrics, decisioning workflows, account takeover prevention, and fraud ring detection.
Leveraging its platform and proprietary identity knowledge graph, which Bureau claims holds over “half a billion identities and behavioural patterns,” the firm states it provides “real-time risk intelligence across the entire customer lifecycle”.
According to a Bureau statement, its cash injection has been earmarked to support “two key expansion initiatives”.
These initiatives include enhancing its data and AI capabilities to boost “decision efficiency,” and driving a geographic expansion beyond Bureau’s “current focus” on Asia.
