Lucra

Protecting payments against APP fraud

General Information
Company Name
Lucra
Founded Year
2022
Location (Offices)
London, United Kingdom +1
Founders / Decision Makers
Number of Employees
1
Industries
Finance, Financial Services, Fintech +2
Funding Stage
Pre Seed
Social Media

Lucra - Company Profile

Lucra, a UK-based startup, is dedicated to combating APP fraud in the finance and payments industries. Their mission revolves around providing financial institutions and businesses with the means to effectively prevent APP fraud. Traditional anti-fraud solutions primarily focus on screening customers, neglecting the crucial aspect of assessing payment counterparties. Lucra aims to fill this gap by offering a unique verification process, granting access to critical payment recipient data in real-time. This empowers companies to create account activity profiles, thereby enabling the rapid and precise detection of significant APP fraud indicators. By leveraging this data, tailored interventions can be implemented to proactively prevent APP fraud. In March 2023, Lucra secured a noteworthy £102.00K in Pre Seed Round investment. This funding serves as a testament to the confidence investors have in the promising potential of Lucra's innovative approach to fraud prevention.

Taxonomy: Fraud prevention, Payment security, Compliance solutions, AML, Process automation, Verification technology, Financial institutions, Risk mitigation, Transaction security, Account activity profiling

Funding Rounds & Investors of Lucra (2)

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Funding Stage Amount No. Investors Investors Date
Pre Seed Round £102.00K - 31 Mar 2023
Pre Seed Round £420.00K 1 06 Oct 2022

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