Worldpay, a worldwide payments technology and solutions company, said it has acquired Ravelin, a London-based AI-native fraud protection platform. This acquisition will enhance Worldpay’s ability to provide merchants with advanced fraud detection solutions as online threats continue to rise. Ravelin, established in 2015, has developed fraud prevention tools that address payment fraud, account takeovers, and abuse related to returns, promotions, and vouchers. The company also specializes in 3D Secure authentication, helping businesses improve authorization rates. By integrating Ravelin’s cloud-based AI platform, Worldpay aims to strengthen its suite of security solutions for merchants of all sizes.
Worldpay CEO Charles Drucker stated, “Our acquisition of Ravelin aligns with our strategy to invest in innovation and AI technology, enhancing the value we provide customers and accelerating our e-commerce growth.” Ravelin CEO Martin Sweeney expressed enthusiasm for the partnership, emphasizing that Worldpay’s transaction volume of $2.5 trillion and extensive global reach will help accelerate Ravelin’s expansion. The deal is expected to close in the first quarter of 2025. Financial advisory support for the transaction was provided by KeyBanc Capital Markets for Ravelin, while Wells Fargo and Citi advised Worldpay.
