4/20/2023 0 Comments Figleaf aura![]() ![]() “At Aura, we’re working to bring peace of mind to consumers that their families are protected from financial crime.” In the first quarter of 2021 alone, identity theft grew more than 130 percent, driven by a dramatic increase in government benefits fraud - up nearly 4,000 percent. Aura has also acquired several digital privacy and personal digital security companies over the past 12 months, including Pango, FigLeaf and Privacy Mate.Īura founder and CEO Hari Ravichandran said, “The rise of digitization and with it, digital crime, is fuelling a rapidly expanding market opportunity for personal digital security with a total available market of more than $100 billion. ![]() ![]() The investment round comes after a strong year of growth for the company, which culminated in more than $220m in annual revenue and 1.7 million customers. It also covers each user with $1m insurance to cover losses and damage caused by identity theft or fraud. Its app will inform users if their online accounts or passwords are at risk and if there has been fraud in their account. US-based Aura helps people protect their identity, finances, online accounts and devices from online threats. Digital security platform Aura has closed its Series E round on $150m, which was led by private equity giant Warburg Pincus.įunds from the round will help the RegTech company bolster its customer experience, grow its user base, develop new features and implement programmes to increase customer awareness through a national advertising campaign. ![]()
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