Partners at AH Capital Management, the big-name venture capital firm better known as Andreessen Horowitz, see an opportunity for entrepreneurs to design payment systems in what they call “high-risk” niches, such as gaming, sports betting and cannabis.
Those areas, where there are elevated fraud and customer chargebacks, aren’t having their particular needs met by basic payment software products, two partners wrote in a post on the investment firm’s website. So, that creates an opening for payments developers to create vertical-specific software with better tools for compliance, identity management and fraud detection, among other improvements, the AH Capital Management authors wrote in their Monday website post.
