Visa to Buy Fraud Defense Platform BioCatch in $2.4 Billion Deal
By Katherine Hamilton
Visa is acquiring BioCatch, a fraud-reduction platform, for $2.4 billion in cash.
Visa is buying the Israeli company from funds advised by Permira, as well as other shareholders, the company said Monday.
BioCatch uses artificial intelligence to detect fraud and distinguish legitimate users from attackers in real time. The company protects 1.8 billion devices and 760 million users globally.
Visa has been increasing its use of AI to fight fraud through its Visa Vulnerability Agentic Harness platform, a tool designed to help clients identify and fix vulnerabilities to fraud. Visa has spent $13 billion in fraud technology and infrastructure over the past five years.
"BioCatch will help our clients stop fraud before it reaches the point of payment," said Andrew Torre, Visa's president of value-added services.
The deal is expected to close by the end of Visa's fiscal second quarter of 2027.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
August 03, 2026 09:06 ET (13:06 GMT)
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