Casap, a disputes automation and fraud prevention platform, has raised $8.5 million. The round was led by Lightspeed Venture Partners with participation from Primary Venture Partners, Commerce Ventures, Curql, Alloy Labs, and notable fintech founders and execs from Chime, Robinhood, Square, Current, Novo, and Alloy. The funding will enable Casap to continue to scale its AI decisioning, helping financial institutions reduce operational costs, curb fraud-related losses, and transform the consumer experience.

Casap is ready to scale the first AI-powered solution for banks, credit unions and fintechs to intelligently tackle first-party fraud and automate disputes and chargebacks.