Software creator Privacy has launched its first payments product for making personal data secure , in conjunction with a £ 2.2 m seed funding round . “In a world where fraud, theft and auto-renewals are making consumers feel increasingly vulnerable, Privacy gives them peace of mind that their information is safe,” said Mark Goldberg, lead investor from Index Ventures. Designed to tackle credit card fraud , which is predicted to reach $ 3tn by 2020 , Privacy enables the creation of virtual “ burner cards ” with a simple click that disappear after one transaction , or can be used for multiple transactions with individual trusted merchants . The software is free on Apple iOS and Google Chrome , and is available alongside Privacy Rewards , an offers ##ter that gives money back and refer - a - friend rewards . The fundraising money will be used to develop further products and hire more engineers .
Software creator Privacy has launched its first payments product for making personal data secure , in conjunction with a £ 2.2 m seed funding round . Designed to tackle credit card fraud , which is predicted to reach $ 3tn by 2020 , Privacy enables the creation of virtual “ burner cards ” with a simple click that disappear after one transaction , or can be used for multiple transactions with individual trusted merchants . The software is free on Apple iOS and Google Chrome , and is available alongside Privacy Rewards , an offers ##ter that gives money back and refer - a - friend rewards . The fundraising money will be used to develop further products and hire more engineers .