Casap, a New York–based intelligent automation company for dispute and fraud operations, has secured $25 million in Series A funding, bringing its total funding to $33.5 million.
Investors
The round was led by Emergence Capital, with participation from Lightspeed Venture Partners, Primary Venture Partners, SoFi, and others.
Emergence Capital is a venture capital firm specializing in early- and growth-stage investments in enterprise cloud companies. It invests in the people reshaping how the world works—from the rise of cloud computing to the new wave of AI-powered work.
Casap Use of Funds
The company will use the funding to enhance its first-party fraud scoring and AI decisioning, support key hiring initiatives, and expand capabilities across the payments lifecycle.
About Casap
Founded by Shanthi Shanmugam and Saisi Peter, Casap is a B2B company that provides an AI-powered disputes automation and fraud prevention platform for credit unions, banks, and fintechs. Its platform uses AI to manage the entire dispute lifecycle—from initial intake to filing chargebacks and communicating with customers. It analyzes evidence, predicts outcomes, and automates key actions. Headquartered in New York, Casap combines machine learning, compliance expertise, and self-service tools to improve efficiency, reduce costs, and enhance customer satisfaction.
Funding Details
Company: Casap Technologies, Inc.
Raised: $25.0M
Round: Series A
Funding Date: August 2025
Lead Investor: Emergence Capital
Additional Investors: Lightspeed Venture Partners, Primary Venture Partners, SoFi, and others
Company Website: https://www.casaphq.com/
Software Category: AI Dispute & Fraud Automation
Source: https://www.businesswire.com/news/home/20250807093922/en/