Incognia: Raises $15.5M Series A to Combat Increased Identity Fraud

Incognia: Raises $15.5M Series A to Combat Increased Identity Fraud

• Incognia is a privacy-first location identity company that provides frictionless mobile authentication to banks
• Point72 Ventures is a global venture capital strategy led by a diverse set of domain experts with the capital
• Announced it raised $15.5M in Series A funding led by Point72 Ventures
• The new funding round will support continued growth
• Addresses the balancing act between friction and security for user authentication and fraud prevention on mobile applications
• With new account fraud increasing 109%, and account takeover losses increasing 90%