Scamnetic’s $13M Series A to Scale AI-Powered Scam Detection
American Entrepreneurship
APRIL 24, 2025
billion in 2023. A Critical Market Need The urgency of Scamnetics mission is underscored by startling financial losses: U.S. consumers lost over $12.5 billion to fraud in 2024 alone, a 25% increase from the previous year. Text message scams accounted for $470 million in losses. The global cost of fraud scams and banking schemes topped $485.6
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