Financial crime is getting smarter, and Feedzai is racing to stay ahead. The fraud prevention startup just raised $75 million, pushing its valuation past $2 billion. New institutional investors, including Lince Capital, Iberis Capital, and Explorer Investments, joined longtime backers Oxy Capital and Buenavista Equity Partners to fuel the company’s next phase of growth.
The company’s roots go back over a decade, when data scientists Nuno Sebastião, Paulo Marques, and Pedro Bizarro set out to build a better way to fight financial fraud. Their approach: harness machine learning to catch bad actors and protect transactions worldwide. Today, Feedzai’s AI platform handles over $70 billion in transactions each year, wrapping anti-money laundering, behavioural analytics, and fraud detection into one seamless system.
Feedzai competes with players like Effectiv, NetGuardians, ComplyAdvantage, BioCatch, SEON, and Sift. But Feedzai’s all-in-one AI platform, covering everything from onboarding to transaction monitoring and regulatory compliance, combined with its focus on transparency, has earned it the trust of major banks and fintechs worldwide.
Feedzai stands out for its ability to process huge amounts of real-time data and do it transparently. It offers explainable AI that gives institutions the insights they need without overwhelming them with false alarms or compliance headaches. For banks dealing with savvy criminals and strict regulations, that clarity can make all the difference.
The timing of this funding round aligns with a major win for Feedzai. The European Central Bank picked the company to build the fraud detection system for the upcoming digital euro. Valued at up to €237.3 million over four years, the contract puts Feedzai at the heart of Europe’s efforts to secure its digital currency. Working alongside PwC, Feedzai will build a state-of-the-art monitoring platform that meets the EU’s high standards for security and privacy.
Looking ahead, Feedzai plans to keep advancing its AI capabilities, particularly around explainability and compliance. The company is expanding globally and building new data partnerships to strengthen its platform. The vision is clear: make digital payments safer and work smoothly, so users everywhere can trust the financial system.
