Payment protection startup EFTsure follows up $2m Series A capital raise with PwC partnership
In the wake of its recent $2 million Series A capital raise, fintech startup EFTsure has entered into a collaboration agreement with PricewaterhouseCoopers (PwC), for an opportunity to mitigate the risk of electronic payment fraud for a larger pool of businesses.
Founded in 2014, the Sydney-based venture has developed a software platform that validates the integrity of business payment data. Speaking to Dynamic Business in July, co-founder and CEO Ian Mirels explained that EFTsure’s platform mitigates the risk of payment error and fraud – the latter of which costs Australian businesses $700 million per year – by utilising a cloud-based, ‘crowd-sourced’ supplier database that matches payee names to bank account numbers in real-time, at the point of payment.
Mirels caught up with Dynamic Business, this week, to discuss the significance of EFTsure’s deal with PwC and the advantages corporates and startups can derive from collaborating.
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