Visa has signed a definitive agreement to acquire UK-based AI-powered fraud detection company Featurespace. Featurespace is known for its machine learning-based technology used by major financial institutions like HSBC and NatWest. The acquisition, expected to close in 2025 pending regulatory approval, is estimated to be worth around £700 million and aims to enhance Visa’s fraud detection and risk-scoring capabilities. Featurespace’s largest shareholder, IP Group, anticipates receiving a significant return, marking the deal as a notable exit after supporting the company for over a decade.
Visa to Buy UK Fraud Fighting Tech Provider Featurespace
