Razorpay acquires fraud prevention startup Third watch

  • Razorpay, which is an online payment gateway startup, has now acquired the Gurgaon based fraud prevention startup Thirdwatch for an undisclosed sum.
  • The team at Thirdwatch comes with an exceptional understanding and expertise in AI, machine learning and data sciences, and together we envision a future where AI will help e-commerce firms not just combat fraud but maintain a competitive advantage and significantly improve merchant profitability.
  • There is a dire need for a data-driven solution to help identify these patterns and reduce losses of any kind, to help the marketplace function at an optimal level,” Agarwal, founder of Thirdwatch, said.

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