NSure.ai: Raises $6.8 million
- NSure is an AI-based fraud protection solution built for sellers of fraud-attractive goods and services such as gift cards, airline tickets
- Announced a successful seed fundraising round of $6.8 million, led by DisruptiveAI, Phoenix Insurance, Kamet
- These funds will go towards further developing predictive AI and machine learning algorithms
- Unlike physical goods, digital goods are instantly delivered and deposited
- Digital sellers lack this buffer, so even if fraud is detected minutes later, the assailant is untraceable
- Sellers of physical goods have access to incumbent anti-fraud technologies that prevent fraudulent charges and come with chargeback guarantees
