Feedzai Secures $75 Million to Boost AI Financial Crime Prevention
Feedzai has secured $75 million in a new funding round, raising its valuation to over $2 billion, announced in a press release. The investment includes new contributions from Lince Capital, Iberis Capital, and Explorer Investments, with continued support from Oxy Capital and Buenavista Equity Partners.
Feedzai, known for its AI-native RiskOps platform, aims to protect financial institutions and consumers from fraud and scams. The company has expanded its platform to cover various financial institution product lines, including bank account openings, credit card transactions, and transaction monitoring.
The funding will enable Feedzai to continue its growth and innovation, having recently launched products like Feedzai Orchestration and Feedzai IQ. These tools empower financial institutions to make more intelligent and precise risk assessments, contributing to the prevention of over $2 billion in losses and saving more than 20 million analyst hours.
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