18 VCs bankrolling fraud detection and fintech security companies in 2025

Most VCs say they invest in security, but few actually understand fraud detection economics. You need investors who've backed companies through bank integration cycles and understand why enterprise sales take 12-18 months. Generic fintech investors won't get why your accuracy rates matter more than your user growth charts.

Quick list

Choosing investors who understand fraud economics

Experience: Find investors who've backed fraud companies through their first major bank client. Most don't understand why integration takes 9 months or why you need SOC 2 Type II before any bank will talk to you—review our startup fundraising insights.

Network: Check if they can intro you to compliance officers at tier-1 banks or payment processors. Those relationships matter more than generic fintech connections—especially when handled through secure sharing.

Alignment: Seed investors often don't understand enterprise sales cycles when your ICP is risk departments at banks. Consumer fintech investors won't get why you need 99.9% accuracy instead of 95%.

Track record: Look at whether their portfolio companies signed actual enterprise contracts or just pilots that never converted. Lots of POCs without revenue is a red flag.

Communication: Use Ellty to share your deck with trackable links. You'll see who actually opens your model performance metrics and false positive rate data.

Value-add: Ask what fraud domain expertise they have on their team. Generic "we invest in fintech" investors can't help you navigate PCI-DSS compliance or optimize for precision vs recall tradeoffs.

Reaching fraud detection investors

Identify potential investors: Research recent fraud and security deals on Pitchbook. Consumer fintech investors won't lead your enterprise fraud round even if they claim to do security.

Craft a compelling pitch: Show your false positive rate, accuracy metrics, and enterprise logos. Most investors are tired of "AI-powered fraud detection" without real performance benchmarks or customer validation.

Share your pitch deck: Upload to Ellty and send trackable links. Monitor which pages investors spend time on—if they skip your model performance slides, they probably don't understand the space—use document analytics.

Utilize your network: Message portfolio founders on LinkedIn and ask about investor help with bank introductions and compliance expertise. Most will tell you if the VC actually understands fraud or just invests in any fintech.

Attend networking events: Money20/20 and Fintech Meetup are where fraud deals happen. Skip generic startup conferences where nobody understands false-positive costs—maintain updates with investor update tool.

Engage on online platforms: Connect with partners on LinkedIn after getting introduced by a portfolio company. Cold outreach to fintech investors rarely works unless you have tier-1 customers.

Organize due diligence: Set up an Ellty data room with your SOC 2 report, customer contracts, and model performance data before they ask. It speeds up the process.

Set up introductory meetings: Lead with your accuracy metrics and enterprise customer pipeline. Don't waste time on TAM slides about fraud losses—they know the market size.

Why fraud detection funding matters now

Global fraud losses hit $485B in 2024 according to Juniper Research. Real-time payment networks like FedNow and faster settlement times increased fraud velocity. Banks spent $250B+ on fraud prevention in 2024, but most legacy systems can't handle synthetic identity fraud or deepfake attacks. VCs deployed $3B+ into fraud detection startups in 2024, focusing on companies with proven accuracy rates and enterprise traction. If you're raising in Q1 2025, investors want to see actual bank customers and false positive rates under 1%.

18 top fraud detection investors

1. Nyca Partners

Hans Morris's fintech-focused fund that only backs founders who understand financial services operations and regulatory requirements.

• Recent Deals: Sardine $75M Series B (Aug 2025), Unit21 $34M Series B (Mar 2024), Alloy $100M Series C (Jul 2025)
• LinkedIn: Hans Morris LinkedIn
• Sector Focus: fraud detection, AML compliance, identity verification, payment security, RegTech
• Stage Focus: Series A, Series B, Series C
• Location: New York, USA
• Website: nyca.com

2. Bessemer Venture Partners

Century-old fund with dedicated fintech practice that backed multiple identity verification unicorns including Alloy and Socure.

• Recent Deals: Alloy $100M Series C (Jul 2025), Feedzai $200M Series D (May 2024), Socure $450M Series E (Sep 2024)
• LinkedIn: Kent Bennett LinkedIn
• Sector Focus: identity verification, fraud prevention, AML software, payment security, compliance automation
• Stage Focus: Series B, Series C, Growth
• Location: Menlo Park, USA
• Website: bvp.com

3. Index Ventures

European fund with strong fintech track record that understands global fraud patterns and cross-border compliance.

• Recent Deals: Forter $300M Series F (Jun 2025), Revolut $800M Series E (Jul 2024), Plaid $425M Series D (Apr 2024)
• LinkedIn: Danny Rimer LinkedIn
• Sector Focus: e-commerce fraud, payment security, identity verification, account takeover prevention
• Stage Focus: Series B, Series C, Growth
• Location: London, UK
• Website: indexventures.com

4. Accel

Sand Hill Road firm that backed Ramp and multiple security infrastructure companies with fraud components.

• Recent Deals: Ramp $300M Series D (May 2025), Ethos $200M Series D (Jan 2024), Truework $50M Series C (Nov 2023)
• LinkedIn: Arun Mathew LinkedIn
• Sector Focus: fintech security, fraud prevention, identity verification, payment fraud, corporate cards
• Stage Focus: Series A, Series B, Series C
• Location: Palo Alto, USA
• Website: accel.com

5. Andreessen Horowitz

a16z's fintech team writes large checks for identity and fraud companies with strong technical moats.

• Recent Deals: Persona $150M Series D (Apr 2025), Sardine $51M Series A (Jun 2024), Plaid $425M Series D (Apr 2024)
• LinkedIn: Angela Strange LinkedIn
• Sector Focus: identity verification, fraud detection, biometric authentication, KYC automation, crypto fraud
• Stage Focus: Series B, Series C, Growth
• Location: Menlo Park, USA
• Website: a16z.com

6. PayPal Ventures

Corporate VC with deep payment fraud expertise and direct access to PayPal's fraud data and customers.

• Recent Deals: Nium $50M (Mar 2025), TreviPay $100M (Feb 2024), Tilled $65M Series B (Jan 2024)
• LinkedIn: Pegah Grand LinkedIn
• Sector Focus: payment fraud, transaction monitoring, chargeback prevention, merchant fraud, identity verification
• Stage Focus: Series A, Series B, Series C
• Location: San Jose, USA
• Website: paypal.com/ventures

7. Tiger Global

Growth fund that backs enterprise security companies with proven revenue and scalable go-to-market.

• Recent Deals: Unit21 $100M Series C (Mar 2025), Forter $125M Series E (Mar 2024), Ramp $300M Series D (Aug 2023)
• LinkedIn: John Curtius LinkedIn
• Sector Focus: AML compliance, fraud detection, transaction monitoring, RegTech, enterprise security
• Stage Focus: Series C, Growth
• Location: New York, USA
• Website: tigerglobal.com

8. Insight Partners

Growth equity firm with $90B AUM that backs late-stage fraud and security companies approaching IPO.

• Recent Deals: Sift $200M Series E (Feb 2025), BioCatch $145M Series C (Aug 2024), Socure $450M Series E (Sep 2024)
• LinkedIn: Jeff Horing LinkedIn
• Sector Focus: digital fraud, behavioral biometrics, payment security, identity verification, chargeback prevention
• Stage Focus: Series C, Series D, Growth
• Location: New York, USA
• Website: insightpartners.com

9. Ribbit Capital

Meyer Malka's fintech specialist fund that only invests in companies solving real financial infrastructure problems.

• Recent Deals: Plaid $330M (Jan 2025), Ramp $300M Series D (Aug 2023), Robinhood $280M Series G (Sep 2023)
• LinkedIn: Meyer Malka LinkedIn
• Sector Focus: payment fraud, account verification, transaction monitoring, open banking security
• Stage Focus: Series B, Series C, Growth
• Location: Palo Alto, USA
• Website: ribbitcap.com

10. Coatue

Tiger cub with fintech focus that backs fraud companies with strong unit economics and enterprise traction.

• Recent Deals: Riskified $100M (Dec 2024), Forter $125M Series E (Mar 2024), Alloy $40M Series B (Mar 2024)
• LinkedIn: Dan Rose LinkedIn
• Sector Focus: chargeback prevention, e-commerce fraud, payment security, merchant protection
• Stage Focus: Series C, Growth
• Location: New York, USA
• Website: coatue.com

11. FinTech Collective

Early-stage fund run by former traders who understand fraud economics and financial services operations.

• Recent Deals: Hummingbird $25M Series B (Nov 2024), Resilience $80M Series B (Sep 2024), Alloy $40M Series B (Mar 2024)
• LinkedIn: Gareth Malna LinkedIn
• Sector Focus: RegTech, AML compliance, fraud detection, transaction monitoring, KYC automation
• Stage Focus: Seed, Series A, Series B
• Location: New York, USA
• Website: fintechcollective.com

12. Commerce Ventures

Retail and payments specialist fund that understands merchant fraud and chargeback economics.

• Recent Deals: Kount acquisition $640M (Oct 2024), Forter $125M Series E (Mar 2024), NoFraud $25M Series B (Jan 2024)
• LinkedIn: Dan Rosen LinkedIn
• Sector Focus: e-commerce fraud, payment fraud, merchant protection, chargeback prevention, CNP fraud
• Stage Focus: Series A, Series B, Series C
• Location: San Francisco, USA
• Website: commerceventures.com

13. CRV

Charles River Ventures backs identity verification companies with differentiated technology and strong accuracy metrics.

• Recent Deals: Socure $450M Series E (Sep 2024), Alloy $40M Series B (Mar 2024), Unit21 $34M Series B (Mar 2024)
• LinkedIn: Saar Gur LinkedIn
• Sector Focus: identity verification, KYC automation, document fraud detection, biometric authentication
• Stage Focus: Series B, Series C, Growth
• Location: Menlo Park, USA
• Website: crv.com

14. Bain Capital Ventures

Growth arm of Bain Capital with dedicated fintech team that understands behavioral biometrics and advanced fraud detection.

• Recent Deals: BioCatch $145M Series C (Aug 2024), Feedzai $200M Series D (May 2024), Forter $125M Series E (Mar 2024)
• LinkedIn: Ajay Agarwal LinkedIn
• Sector Focus: behavioral biometrics, session monitoring, bot detection, account takeover prevention
• Stage Focus: Series B, Series C, Growth
• Location: Boston, USA
• Website: baincapitalventures.com

15. Cota Capital

Enterprise software fund that backs B2B fraud detection with focus on document verification and loan fraud.

• Recent Deals: Inscribe $25M Series B (Jul 2024), Alloy $40M Series B (Mar 2024), Unit21 $34M Series B (Mar 2024)
• LinkedIn: Bobby Yazdani LinkedIn
• Sector Focus: document fraud detection, loan application fraud, bank statement analysis, mortgage fraud
• Stage Focus: Series A, Series B
• Location: San Francisco, USA
• Website: cotacapital.com

16. Point72 Ventures

Steve Cohen's venture arm that backs crypto fraud prevention and understands DeFi security requirements.

• Recent Deals: Sardine $51M Series A (Jun 2024), TRM Labs $70M Series B (Nov 2023), Chainalysis $170M Series F (May 2023)
• LinkedIn: Tripp Shriner LinkedIn
• Sector Focus: crypto fraud, blockchain analytics, DeFi security, sanctions screening, AML for crypto
• Stage Focus: Series A, Series B, Series C
• Location: Stamford, USA
• Website: point72ventures.com

17. Lightspeed Venture Partners

Multi-stage fund with strong fintech practice that backed Alloy and understands KYC automation economics.

• Recent Deals: Alloy $40M Series B (Mar 2024), Affirm $500M Series G (Jan 2024), Carta $500M Series G (Aug 2023)
• LinkedIn: Gaurav Gupta LinkedIn
• Sector Focus: KYC automation, identity verification, compliance software, onboarding fraud, synthetic identity
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: lsvp.com

18. GGV Capital

Cross-border fund with offices in US and Asia that understands international fraud patterns and compliance requirements.

• Recent Deals: TruU $20M Series A (Feb 2024), Plaid $330M (Jan 2025), Grab $300M (Dec 2023)
• LinkedIn: Hans Tung LinkedIn
• Sector Focus: voice biometrics, cross-border fraud, payment security, identity verification, mobile fraud
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: ggvc.com

See which investors review your fraud metrics

These 18 investors closed deals from 2023 to November 2025. Before you start reaching out, set up proper tracking.

Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your model performance metrics or customer case studies. Most fraud founders are surprised to learn investors skip technology architecture slides but spend 10+ minutes reviewing false positive rates and enterprise contracts.

When investors ask for SOC 2 reports or customer references, share an Ellty data room instead of messy email threads. Your compliance documentation, model performance data, and customer contracts in one secure place with view analytics. You'll know if they're actually reviewing your accuracy metrics or just collecting decks.

Common questions

How do I know if an investor understands fraud detection?

Check if their portfolio has multiple fraud or security companies. Ask them about false positive vs false negative tradeoffs in your first meeting. If they don't understand why 99% accuracy isn't good enough for banking, they're not the right investor.

Should I pitch consumer fintech VCs for enterprise fraud software?

Only if they have enterprise security investments. Consumer fintech investors won't understand why your sales cycle is 12 months or why you need SOC 2 Type II before any bank will pilot your product.

What metrics do fraud detection investors care about most?

False positive rate, false negative rate, precision, recall, and F1 score. Revenue matters but accuracy metrics come first. Investors know that 98% accuracy with high false positives means angry customers and churn.

How many investors should I contact for a fraud detection raise?

Plan for 40-60 conversations to close a round. Fraud deals take 4-9 months because technical diligence involves testing your models. Start earlier than you think and keep multiple investors engaged.

When should I set up a data room?

Before sending your first deck. Fraud investors will ask for SOC 2 reports, model performance data, and customer contracts immediately. Having an Ellty data room ready speeds up diligence by 2-3 weeks.

Do fraud detection investors care about deck analytics?

Yes, especially if you're selling fraud analytics to banks. If you can't track which investors engage with your deck, why would they trust your fraud detection analytics? It shows you understand data and measurement.