PointPredictive Raises New Financing

Fintech startup PointPredictive announced it has secured a new round of financing. Two investors contributed to the round, including Mosaik Partners.

PointPredictive, Inc., is a leading provider of fraud solutions to banks, lenders, and finance companies. It aims to solve the billion-dollar fraud problems in auto lending, mortgage lending, and retail with up-to-date technology platforms, smarter science, and big data based on analytic models.

The company revealed that it will use the funding to respond to the growing demand for auto fraud and dealer trace solutions to help lenders uncover fraud patterns through a collaborative data consortium and machine learning.