ThreatMark Brings in $3 Million and a New CEO

ThreatMark has raised some significant capital and appointed a new CEO as the anti-fraud company positions to expand its market presence.

The firm has announced that it has raised $3 million in a funding round led by Springtide Ventures, indicating in a statement that the capital will help to fuel ThreatMark’s expansion in the European and North American markets. Seasoned tech executive Daniel Rawlings, meanwhile, is the company’s new CEO and President.

Rawlings comes to the company from a previous position as Chief Commercial Officer of Trustonic, another digital security specialist. He has also held Chief Revenue Officer positions with Tyfone, ID Analytics, and SMSI; and he has served in VP roles with Oracle, Perfect Commerce, and SAP. Rawlings was previously in the position of CEO in his term with SourcingLink, from 2001 to 2003.

In taking his position with ThreatMark, Rawlings is taking the reins from co-founder and previous CEO Michal Tresner, who will stay on as Chairman of the Board and will also take on the role of Chief Product Officer & Head of Solution Strategy. Commenting on the appointment, Tresner framed it as a very important step forward for the company.

“Dan’s appointment is the result of an extensive global talent search we conducted to find just the right person, and I am delighted to have Dan join the company,” he said. “The experience, industry expertise and relationship network that Dan brings to ThreatMark is a big step forward for us. Now we’re stronger and better equipped to help our customers around the world succeed in preventing digital fraud both today and in the future.”

As for Springtide Ventures’ interest, the firm’s COO, David Marek, explained that with digital fraud being a critical threat for the financial services industry, “ThreatMark is perfectly positioned to lead the market with their advanced solution.” That solution is designed to analyze behavioral biometrics and other data patterns to assess fraud risks in online transactions, and received praise from Forrester earlier this year in its “Now Tech: Enterprise Fraud Management” report.

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October 21, 2021 – by Alex Perala

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