Mosaik Partners has invested in Point Predictive as part of its initiative to fund commerce-enabling technology companies.
“With fraud losses reaching historically high levels here in the US, we believe Point Predictive’s technology and consortium approach will become the standard in lending fraud detection,” said Miles Kilburn, Partner at Mosaik. “What interested us in Point Predictive is that they have a proven management team, differentiated technology, a working solution that delivers a compelling ROI to their clients, and explosive growth potential with lenders lining up to participate. This fits right in with our investment profile.” Miles Kilburn is on the Board of Directors of Point Predictive to help the company continue to grow strategically. According to Tim Grace, CEO and President of Point Predictive. “Mosaik Partners is the perfect investor – they understand our technology and have worked in our space for years.”
Ten Coves Capital invests in innovative, high growth FinTech companies where its capital, network and decades of experience can help accelerate growth and value creation. Investing across payments, banking & lending, asset management, capital markets, and insurance & benefits, among other segments, the Ten Coves team has helped scale nearly 40 companies that are solving industry pain points, enabling workflows, and providing critical infrastructure to the largest financial institutions down to SMBs. For more information, visit www.tencoves.com.