Financial crime, a broader category of cybercrime, continuously becomes one of the most potent online attacks since it covers heinous crimes such as money laundering, frauds, and terrorism funding. One of the tech startups decided to build data intelligence solutions that would help combat financial threats.
The company declined to disclose specific names of its government clients, where its platform is used for counterterrorism activity. However, Ripjar said that its extensive partner list includes other companies like BAE Systems, Dow Jones, PWC, and more.
"We are excited to partner with Long Ridge who brings expertise and resources in scaling fast-growing software companies," said Jeremy Annis, Ripjar's CEO and CTO.
"This investment signals enormous confidence in our world-leading data intelligence technology and ability to protect companies and governments from criminal behavior which threatens their assets and prosperity," he added.
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Written by: Giuliano de Leon.
