3 years ago

SEON Secures $94 Million in Series B Funding to Combat Online Fraud

  • SEON, a London-based online fraud prevention platform, has raised $94 million (£72 million) in a Series B funding round led by Silicon Valley's IVP

  • SEON uses data to analyze an individual's digital footprint in real-time to help companies identify fraudulent transactions

  • The funding will be used to expand the company's operations and product development

  • IVP's Michael Miao will join SEON's board of directors

  • Existing investors Creandum and PortfoLion, as well as angel investors from companies like Coinbase, DoorDash, GitHub, Public, and Wise, also participated in the round.

      • ProblemTechnology

      "Online businesses are increasingly vulnerable to sophisticated fraud, leading to financial losses and erosion of trust."

      Solution

      "SEON provides an accessible and flexible fraud prevention platform that uses data to analyze digital footprints in real-time, enabling businesses to identify and prevent fraudulent transactions quickly and effectively."

      Covered on