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Fraud detection service provider, Salviol, gets 6.5 million euros in a Series A led by Orange Growth Capital

Financial technology investment firm, Orange Growth Capital has led a 6.5 million euros Series A round for London-based Salviol, which provides fraud detection and prevention solution services. The new capital will be used for expanding in Europe and other international operations, drive sales of its FROPS product, which automatically detects and prevents any form of fraud. With Orange Growth’s backing, Salviol is looking to capitalise on the Fraud Detection and Prevention market, which is expected to grow to $20.49 billion by 2019.

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