Worldpay has announced its acquisition of Ravelin, an AI-native fraud prevention platform based in London. This strategic move will expand Worldpay’s portfolio of value-added services, equipping merchants with advanced fraud protection amid rising global threats.
Worldpay acquires Ravelin
The transaction is expected to close in Q1 2025, with KeyBanc Capital Markets advising Ravelin and Wells Fargo and Citi advising Worldpay.
Founded in 2015, Ravelin has built a strong reputation for developing cutting-edge fraud detection and prevention solutions tailored for e-commerce merchants.
Its cloud-based AI platform specialises in combating payment fraud, account takeover, return and refund abuse, promotional abuse and marketplace fraud.
Additionally, it offers 3D Secure authentication, a crucial tool for verifying transactions and reducing unauthorized chargebacks.
Worldpay’s $2.5 trillion in processed payments volume and 50 billion transactions in 2024 highlight the scale at which it operates.
By integrating Ravelin’s AI-driven fraud detection capabilities, Worldpay aims to enhance authorisation rates, minimise fraud-related losses, and provide a seamless payment experience for businesses worldwide.
“Our acquisition of Ravelin aligns with our strategy to invest in innovation and AI technology, enhancing the value we provide customers and accelerating our e-commerce growth,” comments Charles Drucker CEO Worldpay.
“In today’s online world, equipping merchants with next-generation AI-powered fraud prevention products is vital, and we believe Ravelin’s technology and expertise will significantly enhance Worldpay’s overall value proposition to the marketplace.”
AI-Powered Fraud Prevention
With the rapid acceleration of online transactions, fraud has become a significant concern for merchants.
Global fraud losses in e-commerce exceeded $48 billion in 2024, with cybercriminals employing sophisticated tactics such as synthetic identity fraud, bot-driven credential stuffing and refund scams.
The integration of Ravelin’s AI-driven insights into Worldpay’s platform will enable businesses to identify threats in real time, automate risk assessments and enhance fraud mitigation strategies.
“Worldpay’s scale and reach will be an immense asset as we accelerate Ravelin’s momentum and advance our mission to eradicate fraud from the internet,” continues Martin Sweeney CEO Ravelin.
“Together, we will be able to deliver innovation at scale, driving the adoption of our industry-leading fraud solutions to customers as they respond to increasingly sophisticated threats and rising fraud-related costs.”
The acquisition reflects a broader trend in the payments industry where AI-powered fraud detection is becoming essential.
As fraud schemes evolve, businesses require real-time, data-driven insights to detect suspicious activities before they escalate into financial losses.
For merchants, this deal signals improved security, higher authorisation rates, and a more robust fraud prevention framework.
For Worldpay, integrating Ravelin’s AI technology will strengthen its competitive edge in the global payments market, reinforcing its position as a leader in secure digital transactions.
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