Sunday, March 16, 2025 | 04:33 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Razorpay acquires Gurgaon-based fraud prevention AI startup Thirdwatch

Both companies envision a future where AI will help e-commerce firms not just combat fraud but maintain a competitive advantage and significantly improve merchant profitability.

Razorpay raises $20 million Series B funding from Tiger Global, others
Premium

Peerzada Abrar Bengaluru
Payments solution company Razorpay said on Monday that it has acquired Thirdwatch, a company that specialise in big data and machine learning for real-time fraud prevention, for an undisclosed amount.

The Gurgaon-based data science company by applying AI to fight fraud at scale has boosted Razorpay’s quest to build and introduce innovative technological solutions to facilitate the transformation of the Indian economy from a cash-driven infrastructure to a less-cash ecosystem. Thirdwatch, now a wholly-owned subsidiary of Razorpay, will be based at the company’s headquarters in Bengaluru.

“This acquisition is a perfect fit. Our war is against cash, hence we want
Topics : Razorpay

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in