September 19, 2017CashShield, an antifraud technology startup based in Singapore, has secured a Series A investment totaling $5.5 million. At the same time, the company announced it has opened its first U.S. office in Menlo Park, Calif. CashShield, which was founded in 2008, is part of a vanguard of antifraud software providers using advanced techniques to detect and prevent fraud while offering a guarantee against chargebacks. The company leverages high-frequency trading algorithms and passive biometric analytics to power its machine learning solution. “Since CashShield’s inception, we have built the business to be financially independent, allowing us to scale with our partners,” said Justin Lie, the company’s CEO. “Without having to rush into raising capital, we had the opportunity to select our investors carefully, forming a strong team of partners and affiliates to become the global leader in the industry.” According to Lie, CashShield will use the cash infusion to fund global expansion, including staffing and operating the new office in the U.S. The round was led by GGV Capital with participation from Heliconia Capital Management, Razer, Stream Global and Tony Fadell, founder of the Internet of Things pioneer Nest.