A Liverpool-based software developer that was established to prevent online credit card fraud has secured a six-figure investment.

So Protect Me, which stops credit cards being used on a PC, has received £200,000 from Merseyside Special Investment Fund (MSIF).

The finance was provided by MSIF’s Liverpool Seed Fund and will be used to market the company’s So Protect Me Payment Blocker.

Following the completion of the funding process, MSIF has introduced Victor Kaminski to So Protect Me’s board as chairman.

So Protect Me was advised throughout the funding process by Janet Butler, business consultant at Liverpool Ventures, while John Schorah at Weightmans provided legal advice to the Liverpool Seed Fund.

The company’s payment blocker is sold on the Internet and uses sensing technology to only allow access to cards registered with the software once a user has answered a security question.

So Protect Me, which has recently re-located from Stockport, was established last year and is led by chief executive Dr Raj Curwen with his co-directors Eric Elms and Rob Hopkins.