San Francisco, CA-based identity verification technology startup SentiLink recently raised $70 million in Series B funding.
Led by David Sacks of Craft Ventures with participation from Felicis Ventures, Andreessen Horowitz, and NYCA, the round brought the company’s total funding to $85 million.
In agreement with the funding, David Sacks and Victoria Treyger from Felicis will be entering SentiLink’s board as observers. Further, the company plans to use the funding to build its product suite and grow the team.
Founded in 2017 by early Affirm employees — Naftali Harris and Max Blumenfeld, SentiLink offers a unique identity verification to assist financial institutions with ID theft, synthetic fraud and other cybersecurity features. SentiLink is on a mission to help banks, lenders and fintechs to detect fraud via real-time API.
Specifically, those APIs detect fake and taken identities for new account applications. For example, before a bank assigns a new credit card, it will send the application data to SentiLink. Then they will evaluate the credit card application for various fraud risks, and if they detect high risk, the bank will demand more information or deny the application.
