Visa to Buy BioCatch for $2.4B — 85% Above Permira's 2024 Valuation

Visa agreed to buy behavioral biometrics firm BioCatch for $2.4 billion — roughly 85% above the $1.3 billion valuation Permira paid in May 2024. The $1.1 billion gap in under 30 months reflects scaling, a strategic premium, or both. It signals how urgently card networks want fraud-detection tools they control directly.