Schwarzwald Capital, a leading VC firm focused on fintech and the creator economy, announced a strategic investment in Vesta, a leader in transaction guarantee solutions for online and other card-not-present transactions. Working in 40 countries and processing over 100 million transactions annually, Vesta has been at the forefront of digital fraud prevention for nearly three decades, ensuring seamless and secure online payments.
With this funding, Schwarzwald Capital strengthens its commitment to fostering a more secure and efficient digital economy. Vesta’s fraud prevention technology has earned the trust of global investors, including Goldfinch Partners, which acquired Vesta in 2020. In connection with this effort, Schwarzwald Capital and Vesta are establishing a joint venture to de-risk the industry from fraudulent transactions, ensuring greater trust and transparency in digital commerce.
With digital deals continuing to rise, this investment marks a significant milestone in advancing secure, real-time digital payments, ensuring that businesses and individuals can transact confidently in an evolving online landscape.
KEY QUOTES:
“We are thrilled to partner with Vesta to drive innovation in fraud prevention. For millions of creators, seamless and secure payments are the backbone of their businesses. Together with Vesta, we aim to develop groundbreaking solutions that empower the creator economy and revolutionize digital transactions.”
- Kyrillos Akritidis, Co-Founder and Managing Director of Schwarzwald Capital
“By combining Vesta’s deep expertise in fraud prevention with Schwarzwald Capital’s fintech acumen, we believe our partnership will help reduce transactional risk across a broad array of digital transactions. We are excited about breaking new ground with Schwarzwald.”
- Todd Curry, CEO of Vesta
