25/5/2024, 7:51:03 pm

Orca raises $550k to fight fraud in emerging markets

Orca has raised a $550,000 pre-seed round which will be used to build simple fraud prevention tools and iterate with customers in South Africa. The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures as well as several strategic business angels and family and friends.South Africa has seen a 600% increase in reported fraud cases since 2018.