General Atlantic led a $165m funding in Riskified at a valuation of more than $1bn.

Private equity firm General Atlantic led a $165m Series E funding round in Riskified, a provider of payments and fraud-prevention solutions, at a valuation of more than $1bn. Existing investors Qumra Capital, Pitango Venture Capital and Entrée Capital also participated in the round. The proceeds will be primarily used by Riskified to more rapidly scale its business domestically and internationally and to expand its product footprint. "Riskified is the rare blend of realized performance and considerable potential. We are thrilled to partner with Eido and the Riskified team to reinvent the payments ecosystem and add real value for customers," Tanzeen Syed, General Atlantic Managing Director.