In addition, ZeroRisk will create 40 new jobs in data science, user experience, engineering, and marketing.
Expanding Beyond Cybersecurity and Compliance
“ZeroRisk's platform sets a new standard for merchant risk management at acquiring banks, expanding beyond cybersecurity and compliance to address broader merchant risks and other critical compliance standards," Gary Nolan, co-founder and CEO of ZeroRisk said. "This funding allows us to scale globally and continue delivering innovative solutions to our customers," he added.
Support for Growth and Innovation
"ZeroRisk is uniquely positioned to help acquiring banks manage the complexities of merchant portfolios in an evolving cyber risk landscape," said Niall McEvoy, Head of Venture at Elkstone. "Their scalable solutions and innovative use of AI are setting a new standard for risk management in the payment ecosystem, and we're proud to support their ambitious plans for growth," Mr. McEvoy said.
Data-Driven Cybersecurity Solutions for Financial Institutions
ZeroRisk provides end-to-end merchant management for financial institutions around the world.
The data the company provides will help banks identify vulnerabilities and surface cyber risks before they become a larger problem.
