Casap, a NYC-based disputes automation and fraud prevention platform, raised $8.5M in funding.
The round was led by Lightspeed Venture Partners with participation from Primary Venture Partners, Commerce Ventures, Curql, Alloy Labs, and fintech founders and execs from Chime, Robinhood, Square, Current, Novo, and Alloy.
The company intends to use the funds to continue to scale its platform.
Co-founded by Shanthi Shanmugam and Saisi Peter, Casap provides an AI-powered disputes automation and fraud prevention platform. With built-in regulatory expertise and network integrations, the platform intelligently analyzes evidence, predicts outcomes, and automates key actions—such as issuing credits, filing chargebacks, and responding to merchants—while using its fraud score to identify suspicious consumers and merchants to proactively reduce disputes.
Casap is already serving customers across the payments ecosystem, from major fintechs and established institutions like Chartway Credit Union to Banking-as-a-Service providers and sponsor banks.
