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Global Analytics Holdings, a company based in Chennai, Delhi and San Diego, has announced that Crystal Financial has underwritten and funded a $30-million (Rs 182 crore) term debt facility for the company to fuel its global expansion.
The makers of Zebit, a Big Data underwriting solution that bridges the gap between payday loans and traditional bank credit, Global Analytics has raised about $95 million in equity and debt financing since 2009, the company said.
Zebit’s proprietary advantages include its fraud detection model, which reduces fraud by 90 per cent. The model adapts to fraudster tactics, pre-emptively responding to attacks before the fraud is committed.
Global Analytics has made big investments in analytics talent, especially in India where over 80 per cent of its employees reside.
“While in most tech companies, data scientists make up less than one per cent of the workforce, they make up nearly 25 per cent of employees here at Global Analytics,’’ said Mukund Venkatesh, GM of India Operations, Global Analytics.
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