Ravelin raises £8M Series B to use machine learning to fight e-commerce fraud

Ravelin, the London-based company using machine learning to help e-commerce companies fight and predict the risk of fraud, has raised £8 million in Series B funding. The round is led by BlackFin Capital Partners, while existing investors Amadeus Capital Partners, Passion Capital, and Playfair Capital followed on.
In a call with co-founder and CEO Martin Sweeney, he told me the new funding will in part be used for Ravelin’sexpansion plans. This will include opening an office in the Ea