Casap raises $56M Series B led by Base10 Partners
Credit card fraud is shifting from third‑party criminals to cardholders themselves, a trend driven by AI tools that simplify disputes and social media tips. Shanthi Shanmugam, CEO and co‑founder of Casap, says the startup’s AI suite helps banks and card issuers manage disputes and chargebacks more efficiently.
Key points
- Casap raised $56M Series B led by Base10 Partners, totaling $90M funding.
- Customers report up to 51% reduction in first‑party fraud losses and a 96% chargeback win rate.
- Dispute resolution time dropped to 8 days on average, with human review taking 1–2 minutes per case.
On Wednesday, Casap announced a $56 million Series B round led by Base10 Partners, bringing its total funding to $90 million since its 2023 launch. Strategic investors Synchrony and Experian joined the round, while other backers Lightspeed Venture Partners, Emergence and Primary also support the company.
Casap claims its AI has cut first‑party fraud losses by up to 51 % and raised chargeback win rates to 96 % versus a 60 % industry average. The platform also reduces dispute resolution time to an average of 8 days from the typical 90 days, with human review taking only 1–2 minutes per case. The AI evaluates indicators such as card location and spending patterns to flag potential fraud.
Casap, whose AI tools automate dispute and anti-fraud operations for banks, raised a $56M Series B led by Base10 Partners, bringing its total funding to $90M
fortune.com · 28 October 2026
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