础听贬耻苍驳补谤颈补苍听fraud detection solution is targeting major growth in the UK听with backing from听early Spotify and听Klarna听investor听Creandum.听
The almost听拢9听million听round is the largest听Series A听ever raised by a Hungarian company and includes听further investment from听VC听PortfoLion, part of OTP Bank.听
As part of the funding round, SEON has added the following industry leaders to its table of current shareholders: N26 founders Maximilian听Tayenthal听and Valentin Stalf,听SumUp听founders Stefan听Jeschonnek听and Jan Deepen, Tide CEO Laurence Krieger,听Revolut听ex-CFO Peter O’Higgins,听iZettle听ex-chief Product Officer Leo Nilsson,听Onfido听co–founder Eamon听Jubawy听and听ComplyAdvantage听founder Charlie听Delingpole.听
The company employs听four people听in听its London Soho office,听which accounts for roughly 20% of its revenue.听
鈥�The UK is the heart of FinTech. Its angels are key in the听FinCrime听world and SEON鈥檚 tech is highly complementary in the UK,鈥� a spokesperson told听老九品茶Cloud.听
鈥�SEON aims to double听or听triple its commercial HQ in London and have it account for 30% + of revenue.鈥�听
/ai-giant-to-accelerate-uk-growth-with-475m-financing/
SEON is a fraud-detection solution that draws on data from across the internet to establish customers鈥� digital footprints to wean out false accounts and prevent fraudulent transactions from taking place.听听
It already supports companies from a wide range of industries, including听Patreon,听AirFrance, Rivalry听and听Ladbrokes by having its technology operate in real time, with no stale data and zero false positives, a paradigm shift from previous proprietary databases to true real time fraud prevention.听
Having launched in the second half of 2017, SEON has been consistently profitable since the end of 2019.听
It experienced rapid growth in 2020, accelerated by the COVID-19 paradigm shift. This is due to operating in some key fast-growing verticals such as听neobanks, esports, iGaming, Forex and crypto trading.听听
The investment will support SEON鈥檚 continued growth, by adding to their highly skilled teams located in Budapest and London, as well as further global expansion.听
/cazoo-founder-reinvests-in-anti-money-laundering-start-up/
CEO and听founder Tamas Kadar commented: 鈥淲e鈥檙e extremely pleased to have completed our latest funding round, led by听Creandum, joining its exciting tech portfolio.听听
鈥�We feel we have found a like-minded investor to work closely with to pursue the significant global opportunity for our business as we continue to democratise fraud fighting.鈥�听
Bence听Jendruszak, COO and听co-founder,听added: 鈥淔or all our achievements in such a short time span we feel like we are still only getting started.听听
鈥�We are still seen as the new kids on the block in a crowded market, but with this latest round of funding we can add more leading talent to our team to further grow our product led growth and eradicate online fraud.鈥澨�听
Simon Schmincke, General Partner at听Creandum, said: “At听Creandum, we believe cybercrime will be one of the most serious threats of the 21st century.听听
鈥�With SEON, we鈥檝e found an anti-fraud solution that鈥檚 effective, affordable, flexible, intuitive, and clearly proves its ROI. We are super excited to be part of SEON’s journey to capture the hyper-growth, anti-fraud market.“听
RegTech