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South African Fraud Startup Orca Secures Pre-Seed Funding

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Orca, a South African startup tackling fraud in emerging markets, has successfully secured $550,000 in a pre-seed funding round.

The round, exceeding its target investment, was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures, and strategic angel investors.

Founded in January 2024 by Thalia Pillay and Carla Wilby, Orca equips banks and fintech companies in emerging markets with easy-to-use yet powerful fraud prevention tools.

The startup aims to empower fraud analysts and compliance officers to combat various financial threats effectively.

Orca plans to leverage the funding to expand its team and focus on building, validating, and iterating its fraud and compliance solutions.

Initially focusing on the South African market, the company will gather customer feedback to refine its offerings.

This investment highlights the growing need for robust fraud protection solutions in emerging markets, where financial institutions and fintechs navigate unique challenges.

Orca’s commitment to providing simple and effective tools positions them to play a significant role in safeguarding the financial landscape in these regions.

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