Financial AI startup Casap announced the completion of a $56 million Series B funding round, led by Base10 Partners.

BlockBeats news, October 28 - Financial AI startup Casap announced on Wednesday that it has completed a $56 million Series B funding round, led by Base10 Partners, with strategic investments from Synchrony and Experian, bringing the company's total funding to $90 million.

Founded in 2023, Casap's AI tools help banks and credit card companies handle disputes and chargebacks. According to the company, its clients have reduced first-party fraud losses by up to 51%, increased chargeback win rates to 96% compared to the industry average of 60%, and shortened average dispute resolution time to 8 days, versus up to 90 days with traditional methods. The company did not disclose the valuation for this round.