Financial AI startup Casap has completed a $56 million Series B funding round, led by Base10 Partners

According to Fortune, financial AI startup Casap announced on Wednesday that it has completed a $56 million Series B funding round, led by Base10 Partners, with Synchrony and Experian participating as strategic investors. The company's total funding has reached $90 million.

Founded in 2023, Casap's AI tools are used to help banks and credit card companies handle disputes and chargebacks. According to the company, its clients have reduced first-party fraud losses by up to 51%, with chargeback win rates increasing to 96%, compared to the industry average of 60%; the average dispute resolution time has been shortened to 8 days, while traditional methods can take up to 90 days. The company did not disclose the valuation for this round.