Providence Strategic Growth, a growth equity firm partnering with lower middle-market software and technology-enabled service companies, completed the investment in NoFraud, a provider of full-service fraud prevention software to e-commerce merchants. Financial terms were not disclosed. "NoFraud is delivering essential services to e-commerce merchants at a time when their businesses are experiencing exponential growth, giving small-to-medium sized businesses a full-service tool that is not only meant to protect but boost their bottom line. We’re excited to work with the team at NoFraud through their next phase of growth and support their continuing innovation as they look to expand their capabilities," Adam Marcus, PSG Managing Director.