The investment will support the company’s efforts to expand its technology across Africa and other emerging markets where digital payments are rapidly growing.

The funding round was led by Norrsken22, an early investor in the company, with additional backing from OneDayYes, Enza Capital, and CV VC Africa.

The latest investment follows strong demand from financial institutions seeking better tools to detect and prevent fraud as payment systems become faster and more complex.

Founded by Thalia Pillay and Carla Wilby, Orca Fraud has quickly gained traction among banks, telecommunications companies, and payment providers.

The platform now monitors more than $5 billion in transactions each month across over 70 countries.

This rapid growth helped the company close an oversubscribed seed round only 16 months after its initial fundraising, reflecting rising enterprise demand for advanced fraud prevention technology.

Nivesh Pather, a principal at Norrsken22, said the company has become an essential part of the infrastructure many financial institutions depend on to manage fraud in high-speed payment environments.

According to him, the growth of digital transactions and the increasing sophistication of fraud networks mean that organizations need systems that can detect risks instantly without disrupting legitimate payments.

He also noted that Orca’s strength lies in how quickly the founding team transformed their experience in payments and fraud management into a platform designed for large enterprises.

The system is built to operate across multiple markets, payment channels, and fraud patterns, a capability that reflects the changing nature of financial crime in digital ecosystems.

Unlike many fraud detection tools developed for mature financial systems, Orca’s platform was designed specifically for African payment environments, where merchant networks evolve rapidly, and transaction behavior often differs from global averages.

Instead of relying on external monitoring layers, the company embeds fraud intelligence directly into live payment flows, allowing institutions to identify suspicious activity in real time while keeping transactions moving smoothly.

Orca Fraud’s founders believe that solutions designed for local payment patterns and data environments will be essential to addressing these challenges.