Total amount raised
$78.6 Millions
Latest funding date
10/01/2017
Location
Title
Feedzai has successfully raised significant funding over multiple rounds, establishing itself as a key player in AI-powered fraud and financial crime prevention. The company's innovative platform offers solutions for identity verification, fraud prevention, and AML compliance.
Keep reading to explore the intricacies of Feedzai's fundraising journey and the investors backing this cutting-edge platform.
What Is Feedzai?
Feedzai, founded in 2011 in Coimbra, Portugal, specializes in AI-powered solutions for fraud and financial crime prevention. The company was established by Nuno Sebastião, Paulo Marques, and Pedro Bizarro, who aimed to revolutionize the financial security landscape.
With a robust platform that offers identity verification, fraud prevention, and AML compliance, Feedzai has grown significantly over the years. The company now boasts a global presence with over 500 employees dedicated to enhancing financial security.
Feedzai's innovative approach and commitment to reducing financial crime have made it a trusted partner for numerous financial institutions worldwide.
How Much Funding Has Feedzai Raised?
- Series B Funding Round
- Amount Raised: $17.5 million
- Date: May 18, 2015
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand sales and engineering teams to meet the demand for Feedzai's software platform.
- Investment by Citi Ventures
- Amount Raised: Multi-million pound (exact amount undisclosed)
- Date: October 19, 2016
- Lead Investors: Citi Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the continued development of Feedzai's machine learning platform to identify new and emerging threats and protect bank customers at scale.
Feedzai has raised a total of $17.5 million in disclosed funding. The current valuation is not publicly disclosed.
Key Investors
- Citi Ventures
- Details: Citi Ventures is the venture capital arm of Citigroup, focusing on investing in innovative startups and technologies. They aim to advance security and other financial services.
- Investment Focus Areas: Security, financial services, innovative tech startups
- Notable Investments: Jet.com, Square, Appboy
- Oak HC/FT
- Details: Oak HC/FT is a venture growth-equity fund that invests in healthcare and financial technology companies. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Healthcare, financial technology, growth-stage companies
- Notable Investments: Not publicly disclosed
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that partners with visionary teams and venture funds to build companies of consequence. They have a global investment approach.
- Investment Focus Areas: Technology, enterprise software, consumer internet
- Notable Investments: Not publicly disclosed
- Espirito Santo Ventures
- Details: Espirito Santo Ventures is a venture capital firm that invests in technology and innovation-driven companies. They focus on early to growth-stage investments.
- Investment Focus Areas: Technology, innovation, early to growth-stage companies
- Notable Investments: Not publicly disclosed
What's Next for Feedzai?
Feedzai stands at the cusp of significant growth opportunities, driven by the increasing sophistication of cyberattacks and the growing importance of advanced security technologies in financial services. The company's AI-powered platform is well-positioned to meet the rising demand for fraud detection solutions, with potential to expand its customer base to include more banks, merchants, and payment processors.
Future fundraising opportunities appear promising, especially given the strategic investment from Citi Ventures and the successful Series B round led by Oak HC/FT. These investments not only provide capital but also open doors for further investments from other venture capital firms or strategic partners.
However, Feedzai will face challenges such as keeping up with the rapidly evolving nature of cyber threats and managing competition from other fraud detection companies. Ensuring the scalability and reliability of their machine learning platform will be crucial as they continue to grow and expand their market reach.
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