Visa Acquires Featurespace
September 26, 2024
Visa has signed a definitive agreement to acquire Featurespace, a Cambridge-based developer of real-time AI payments protection technology that detects and prevents fraud. The acquisition will enhance Visa's fraud detection and risk-scoring capabilities and is expected to close in fiscal year 2025 subject to regulatory approvals.
- Buyers
- Visa
- Targets
- Featurespace
- Industry
- AI & Machine Learning
- Location
- Cambridgeshire, United Kingdom
- Transaction Type
- Buyout
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