AI-based financial crime detection platform Feedzai has reached a valuation of $2 billion following a $75 million funding round.
New investors, including Lince Capital, Iberis Capital, and Explorer Investments, joined existing backers Oxy Capital and Buenavista Equity Partners in this round.
Feedzai’s AI-powered end-to-end platform helps financial institutions combat fraud, risk, and money laundering, safeguarding over $70 billion in annual payment volume across card transactions and bill payments. Recently, the Portugal-based fintech was selected by the European Central Bank to provide fraud detection and prevention for its digital euro.
Nuno Sebastião, CEO of Feedzai, stated, “This new investment round enables us to continue driving innovation to defend against whatever comes next, so that every form of payment, even those yet to be imagined, can be trusted and adopted safely.”