BioCatch has announced that Permira Growth Opportunities II Fund has agreed to acquire a majority position in the Company.

In addition to the Fund's investment, current shareholders Sapphire Ventures and Macquarie Capital will also boost their investments in BioCatch. This transaction is anticipated to expedite the company's worldwide expansion, propel its innovative product development initiatives forward, and bolster its ongoing overall growth. As per the agreement, the Fund will acquire a controlling interest in BioCatch, purchasing shares primarily from Bain Capital Tech Opportunities and Maverick Ventures in a secondary transaction. This transaction values the company's total enterprise at US$1.3 billion.

Founded in 2011 during the rise of online banking, BioCatch aimed to combat fraud while ensuring seamless user experiences. Today, it serves over 190 financial institutions worldwide, including 30 of the top 100 global banks, aiding in fraud prevention, financial crime detection, and decision intelligence sharing. With Permira's support, BioCatch looks to expand its presence in Continental Europe, leveraging Permira's extensive network and growth-oriented approach. Permira is enthusiastic about backing BioCatch's talented management team and innovative product roadmap, committed to enhancing its global leadership position.