New co-chief for Fraugster

The Berlin-based AI start-up wins the former head of Germany at Klarna to its cause. Now another round of funding is to follow.
Anti-fraud start-up Fraugster has a new boss. Founder Max Laemmle confirmed to Handelsblatt
that former Klarna Germany boss Christian Mangold will now join him in running the company. "If we want to scale across all world regions, we need more than two shoulders," Mangold said, explaining his appointment.Fraugster's technology is designed to help online store operators spot potential fraudsters before they can make a purchase. The Berlin-based company uses artificial intelligence to analyze data such as address, credit card number and IP address.
Laemmle also told Handelsblatt that he is planning another round of funding for Fraugster. He wants to receive a double-digit million amount in the coming months this way. So far, he said, the start-up has been able to collect around 30 million euros in funding.

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