Having reportedly passed $100 million in annual recurring revenue, behavioral biometric anti-fraud firm BioCatch has been knighted with so-called centaur status. Centaur is a performance metric the way unicorn is a valuation metric.
Executives with closely held BioCatch says the company’s annual recurring revenue September 30 had grown 51 percent compared to the same date last year, reaching $100 million. They said acceptance of its product portfolio Connect propelled revenue sharply up.
The company predicts it will achieve positive cash flow and EBITDA in fiscal 2024 and log 9 billion customer sessions a month. Its software will be used by 3,115 banks globally, they say.
Global Digital Public Infrastructure (DPI) initiatives are lagging behind emerging technologies such as AI, which could lead to inefficiencies, bottlenecks…
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