Molten today celebrates the news that our portfolio company Ravelin will be acquired by Worldpay. We are incredibly grateful to have worked with the team over the years and wish them the very best in their next chapter. We can’t wait to see where this will take them.
Ravelin caught our attention in 2018 with its elegant yet highly advanced machine learning platform. By analysing transactions in real time, Ravelin proactively identifies and blocks fraudsters, helping merchants maintain trust on both sides of a marketplace.
Seeing Ravelin’s success with on-demand heavyweights such as Deliveroo and Just Eat bolstered our conviction that this was a world-class team and product. When the opportunity arose to lead its $20 million Series C round, the decision was clear—this was a partnership we believed in.
Molten’s Journey with Ravelin
- 2018: We came across the team at Ravelin in 2018 and began a deeper exploration of the segment and stack in which they operate.
- 2020: We led Ravelin’s $20 million Series C via our plc balance sheet and EIS/VCT funds, joined by Blackfin Fintech, Amadeus, Passion Capital, and Playfair.
- 2025: Now, Ravelin is set to join forces with Worldpay, a global leader in payments.
We are incredibly proud of Ravelin’s achievements and look forward to seeing them continue to transform fraud prevention on a global scale.
Continuing Momentum in Realisations
The announcement of Ravelin’s acquisition follows Molten’s five other recent realisations including from Freetrade, M-Files, and Endomag—all of which highlight our ability to scale breakthrough companies and generate strong returns for our shareholders. These exits reflect the growing momentum in the realisations market, with realisation processes already underway or planned across our portfolio.