Ravelin: A Fraud Prevention Leader Joins Payments Giant Worldpay
Deal News | Feb 05, 2025 | Business Cloud
Worldpay, a leading global payments company, has announced the acquisition of Ravelin, a London-based fraud prevention platform. Ravelin is recognized for its AI-native solutions designed to prevent various forms of eCommerce fraud, including payment and account takeover fraud. The acquisition aligns with Worldpay's strategy to enhance its product offerings with AI technology, increasing customer value and supporting eCommerce growth. The deal is expected to close in early 2025. Both companies express optimism about the partnership, highlighting Worldpay's capabilities in handling immense transaction volumes and Ravelin's expertise in fraud prevention.
Sectors
- Financial Technology
- Regulatory Technology (RegTech)
Geography
- United Kingdom – Both Worldpay and Ravelin are headquartered in London, making the UK a key location for this transaction.
Industry
- Financial Technology – The article deals with Worldpay's acquisition of Ravelin, both operating in the fintech sector. Worldpay is a leader in payment processing, while Ravelin specializes in fraud prevention technology for digital transactions.
- Regulatory Technology (RegTech) – Ravelin is part of the RegTech industry, known for its AI-driven fraud prevention solutions. This acquisition highlights the significance of advanced regulatory technologies in ensuring secure financial transactions.
Financials
- $2.5 trillion – Worldpay's annual payments volume, underlining its scale and market reach.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Worldpay | Bidding Company | Company | A global leader in payment processing, processing over 50 billion transactions in 146 countries. |
| Ravelin | Target Company | Company | A London-based fraud prevention platform that uses AI to prevent various types of eCommerce fraud. |
| Charles Drucker | CEO of Worldpay | Person | The CEO of Worldpay, speaking on behalf of the acquisition and its strategic goals. |
| Martin Sweeney | Co-founder and CEO of Ravelin | Person | The co-founder and CEO of Ravelin, expressing enthusiasm about joining Worldpay. |