nSure.ai raises $6.8 mn in seed funding

nSure.ai, a predictive AI fraud protection solutions provider for digital goods retailers, has raised $6.8 million, led by DisruptiveAI, Phoenix Insurance, Kamet – an AXA backed venture builder, Moneta Seeds and private investors.
nSure.ai foundersnSure.ai will use funds for developing its predictive AI and machine learning algorithms that have reimagined digital fraud detection, reducing decline rates by 90 percent from an industry standard of declining 20 percent to only 2 percent.

Alex Zeltcer, co-founder and CEO, said: “This investment enables us to register thousands of merchants, who can feel confident selling higher-risk digital goods, without accepting fraud as a part of business.”

nSure.ai solution currently monitors and manages millions of transactions every month, and has approved close to $1 billion in volume since going live.