Security startup BlockFraud just closed $5 million in Series A financing. Two investors contributed to the round, among them Palisades Ventures.
BlockFraud provides digital anti-fraud solutions to mobile carriers around the world. The company’s team of mobile billing experts and world-class developers have created proprietary software that eliminates the most pervasive forms current of mobile carrier billing fraud. The company also offers a unique monitoring solution that instantaneously alerts carriers to unauthorized auto-subscribing and auto-billing attempts.