Worldpay to acquire Ravelin, an AI-Native Fraud Prevention Platform

By Gloria Mathias

Worldpay®, a global payments solution, has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK.

The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of value-added solutions and enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally.

Since its launch in 2015, Ravelin has created advanced fraud prediction and prevention solutions for eCommerce merchants. Throughout this time, Ravelin has positioned itself as a leading provider in detecting payment fraud, account takeovers, return and refund abuse, misuse of promotions and vouchers, and marketplace fraud while also facilitating 3D Secure authentication. Moreover, Ravelin’s cloud-based AI platform will empower Worldpay to enhance its customers’ authorisation rates.

“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,” said Charles Drucker, CEO of Worldpay. “In today’s online world, equipping merchants with next-generation AI-powered fraud prevention products is vital, and we believe Ravelin’s technology and expertise will significantly enhance Worldpay’s overall value proposition to the marketplace. We look forward to partnering with Ravelin’s leadership and their talented team to help our customers address their most complex challenges.”

“Ravelin is thrilled to be joining Worldpay, a true global leader in the payments industry,” said Martin Sweeney, Co-founder and CEO of Ravelin. “Worldpay’s scale and reach, including processing approximately $2.5 trillion in payments volume and more than 50 billion transactions in 2024, will be an immense asset as we accelerate Ravelin’s momentum and advance our mission to eradicate fraud from the internet. Together, we will be able to deliver innovation at scale, driving the adoption of our industry-leading fraud solutions to customers as they respond to increasingly sophisticated threats and rising fraud-related costs.”