Casap Completes $56 Million Series B Funding Led by Base10 Partners

Financial AI startup Casap announced on October 28 that it has completed a $56 million Series B funding round, led by Base10 Partners, with Synchrony and Experian participating as strategic investors, bringing its total funding to $90 million. Founded in 2023, Casap's AI tools help banks and credit card companies handle disputes and chargebacks. Clients have seen first-party fraud losses reduced 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 its valuation for this round.

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