Fraud and risk detection start-up Oscilar launches from stealth
San Francisco, USA-based fraud and risk detection start-up Oscilar has launched from stealth with $20 million in funding.
Oscilar launches from stealth
Founded in 2021 by Confluent co-founder and board member Neha Narkhede and former Meta executive Sachin Kulkarni, who also self-funded the start-up, Oscilar uses AI to help businesses and consumers stay protected from fraud when making online transactions.
Oscilar’s no-code AI risk decisioning platform allows companies to accurately assess and automate decisions regarding credit and fraud risk “in milliseconds”, saving them time and costs. The start-up claims its software is already being used by fintech companies.
“We see a huge opportunity to use AI to keep both consumers safe and ensure companies are able to smartly and accurately assess their risk in real time,” says Neha Narkhede, CEO of Oscilar.
“Customers expect every online transaction to be instantaneous and safe, but existing technology puts businesses and customers at significant risk – and requires intense engineering support and overhead.”
“We built Oscilar so that companies could have a thorough risk decisioning solution but wouldn’t have to use their engineering teams’ valuable time to achieve that,” adds Sachin Kulkarni, CTO of Oscilar.
