Visa to Acquire Fraud Detection Firm BioCatch for $2.4 Billion in Cash

Aug 3, 2026

Visa Inc. has agreed to acquire behavioral biometrics and fraud detection firm BioCatch for $2.4 billion in cash from private equity firm Permira and other shareholders. The acquisition, expected to close by the end of Visa's fiscal second quarter of 2027, aims to combat AI-powered scams and account takeovers that cost the global economy over $1 trillion annually. BioCatch will operate as a standalone business within Visa's Value-Added Services division under CEO Gadi Mazor.

Visa acquisition of BioCatch

▪The acquisition of BioCatch is expected to close by the end of Visa Inc.'s fiscal second quarter of 2027.
▪Visa Inc. is purchasing BioCatch from funds advised by private equity firm Permira and other shareholders.
▪Permira acquired a majority stake in BioCatch in 2024 at a $1.3 billion valuation.
▪Visa Inc. agreed to acquire fraud intelligence provider BioCatch for $2.4 billion in cash.

Behavioral biometrics technology

▪In 2025, BioCatch's platform analyzed $17.2 trillion in transactions and helped prevent $4 billion in fraudulent activity.
▪BioCatch serves more than 350 banking clients globally and protects 760 million users and up to 1.8 billion devices.
▪BioCatch's technology analyzes physical user interactions, including keystrokes, touch gestures, and device handling, to distinguish legitimate users from fraudsters in real time.

AI-driven fraud threats

▪Visa Inc. has invested more than $13 billion in technology and infrastructure over the last five years to combat fraud.
▪Account takeovers and scams cost the global economy over $1 trillion annually, with artificial intelligence enabling these attacks at an unprecedented scale.

Post-acquisition operational continuity

▪BioCatch will continue to operate as a standalone business within Visa Inc., with its leadership team, reporting structure, and customer relationships remaining unchanged.
▪BioCatch will join Visa Inc.'s Value-Added Services organization, which sells fraud prevention, cybersecurity, and analytics software.

Global payments infrastructure integration

▪Visa Inc.'s global network connects nearly 14,500 financial institutions and processes over 329 billion transactions annually worth more than $17 trillion.
▪Integrating BioCatch's behavioral intelligence with Visa Inc.'s global infrastructure is intended to expand fraud prevention capabilities across a broader range of transactions.