ZeroRisk Raises $10 Million in Series A Funding
ZeroRisk, a company specializing in cybersecurity solutions for payment providers, has successfully raised $10 million in a Series A funding round. The round was led by MiddleGame Ventures, with additional investment from Elkstone. ZeroRisk's platform is designed to help payment providers manage and mitigate cyber risks within their merchant networks, offering advanced compliance and cybersecurity insights.
Company Background
Founded in Ireland in 2023, ZeroRisk's Merchant Management Platform offers solutions that help payment providers gain insights, mitigate risks, and ultimately drive revenue across their merchant portfolios. By addressing issues such as scams, credential theft, and website vulnerabilities, ZeroRisk aims to provide its clients with a comprehensive view of potential cyber threats.
Use of Funds
The newly acquired funds will be directed towards global expansion and enhancing the company's platform capabilities. According to Gary Nolan, CEO and co-founder of ZeroRisk, the investment will allow the company to "expand the team, deepen the platform and support the payment providers that have chosen to build their next-generation of merchant cyber programmes with us."
Future Plans
ZeroRisk plans to leverage the funding to increase its operational capacity and deploy its platform across larger merchant portfolios. This strategic expansion is intended to provide greater visibility and actionable solutions for payment providers facing daily cybersecurity challenges.
Conclusion
With this significant investment, ZeroRisk is set to advance its mission of enhancing cybersecurity for payment providers. The company's focus on providing actionable insights and solutions positions it well for continued growth in the evolving digital payment landscape.