Moneta Seeds announced today the closing of its investment in mobile payment anti-fraud startup, – OffLA. OffLA (www.off-la.com), an Israeli startup company has developed a unique technology for analyzing the activity of all credit cards, debit cards,cash, loyalty cards or any payment mean approved for use by the smartphone. The state-of-the-art fraud detection system is promising to remove the bulk of the work from the back office and relocate it to the smartphone.
As part of this news, OffLA also updated, that it has received a large grant of over 2M Euro from the Horizon2020 program to support the development of its breakthrough solutions.
As part of the investment, Moneta manager –Meirav Har Noy, has joined the Board of Directors.