Lynx, a Madrid-based firm specializing in AI-driven detection and prevention of fraud and financial crimes, has successfully raised $18 million in Series A funding.
The funding round was led by Forgepoint Capital, with participation from existing shareholder and client Banco Santander.
Founded 20 years ago by Carlos Santa Cruz, a computer scientist and AI expert who currently serves as the CTO, Lynx utilizes advanced AI and machine learning to combat digital fraud and money laundering. The company’s technology predicts and detects behavioral patterns, providing real-time risk scores on an enterprise scale.
Lynx’s solutions are employed by various financial institutions, including Santander and Brazil’s Cielo, aiding in the prevention of fraud across cards, digital banking, e-commerce, branches, and ATMs. The new investment will support Lynx’s global expansion and enhance the development of its integrated fraud and anti-money laundering platform.