Recently I had a great lunch with Brad Canavan at Iovation. I had to meet with a guy who’s email signature is “The Wizard of Odds.” Reading the Iovation newsletter, I see its now public knowledge that Iovation has completed a $15 Million Investment round. Capital came from SAP Ventures, the corporate venture capital arm of SAP, and European Founders, a leading investor for emerging growth companies looking to expand into Europe. The two companies join Intel Capital, Intel’s global investment group, as iovation’s initial group of investors.
Iovation also announced a partnership with PayByCash to offer eMerchants protection against payment and credit card fraud.
My notes from an Iovation webinar.
I’ve done a pretty deep dive into how Iovation can help your company reduce web-based transactional fraud. Contact me if you want to learn more.
Hopefully I’ll run into Brad at tonight’s Web Innovators group, where 400+ Boston Internet folks get together to see a few demos, drink beer and network.
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