Dublin-based cybersecurity firm ZeroRisk, which works with a number of US banks, has raised $4m in a funding round led by Elkstone.
ZeroRisk said it will use the new funding to expand its presence in the US.
It is looking to fill 40 roles across a variety of functions, including data science, user experience, product, engineering, and sales and marketing.
Founded in 2023 to redefine compliance and cybersecurity, ZeroRisk transforms end-to-end merchant management for financial institutions across the globe.
Its technology streamlines payment card industry compliance and delivers real-time data insights for acquiring banks, payment service providers, digital sellers, and other financial institutions to manage complex portfolios.
“ZeroRisk’s platform sets a new standard for merchant risk management at acquiring banks, expanding beyond cybersecurity and compliance to address broader merchant risks and other critical compliance standards,” Gary Nolan, co-founder and CEO of ZeroRisk said.
“This funding allows us to scale globally and continue delivering innovative solutions to our customers,” he added.
“ZeroRisk is uniquely positioned to help acquiring banks manage the complexities of merchant portfolios in an evolving cyber risk landscape,” said Niall McEvoy, Head of Venture at Elkstone.
“Their scalable solutions and innovative use of AI are setting a new standard for risk management in the payment ecosystem, and we’re proud to support their ambitious plans for growth,” Mr McEvoy added.
