Fraud Prevention Agency SEON Raises US$94 Million Collection B


SEON, a London-based startup that powers on-line fraud prevention, introduced that it has raised US$94 million in Collection B funding.

The spherical was led by Silicon Valley-based IVP with participation from present traders Creandum and PortfoLion, in addition to, angel traders together with founders and senior executives from Aiven, Coinbase, DataDog, DoorDash, Figma, G2, GitHub, Public, Slack, Supercell, UiPath, Veriff, and Clever.

The funding comes only a yr after the corporate’s Collection A the place it had raised €10 million (near US$13 million).

SEON stated that the funds shall be used to increase its presence in North America, LATAM, and APAC.

Intersystems

Moreover, SEON may even goals to construct partnerships with main e-commerce platforms, heighten product performance, and combine further knowledge sources to assist clients higher struggle fraud.

In 2021, the corporate stated that it had greater than tripled its annual recurring income, grew its headcount by 4X, and opened new places of work in Austin, and Jakarta.

Together with welcoming IVP into its portfolio of traders, SEON will appoint Michael Miao, Companion at IVP to its board.

Michael Miao

Michael Miao

“Identification is without doubt one of the most necessary and largest issues on the Web. This product-led workforce is making a exceptional dent in fraud prevention by making it simple for each enterprise to undertake its data-driven resolution.

 

As fraud explodes at an exponential fee, IVP is honored to assist information this proficient group as they work to expedite the struggle in opposition to on-line fraud,”

stated Michael Miao, Companion at IVP.

Tamas Kadar

Tamas Kadar

“SEON is bringing one thing totally different to the fraud prevention market by providing an accessible and versatile resolution, which delivers on the spot outcomes.

 

As soon as found, our resolution may be trialed by potential clients in lower than 30 seconds and up and operating in lower than a day,”

stated Tamas Kadar, CEO and Co-founder at SEON.

 

 

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