Private equity firm CVC Capital Partners is making an $80 million growth equity investment in mobile fraud detection company Kount Inc.

Kount, located in Boise, Idaho, provides cloud-based fraud detection software to the retail, gaming and financial services sectors. Its products are designed to reduce fraud transactions that are made online and through mobile devices, allowing retailers to accept more valid orders. Kount’s technology is used by payment processors such as Chase Paymenttech and Paypal Holdings Inc.’s (Nasdaq: PYPL) Braintree.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.