Feedzai valued at USD 1 billion in KKR-led funding round

Wednesday 24 March 2021 10:37 CET | News

Financial technology group Feedzai had raised USD 200 million in a round led by investment company KKR valuing the startup at more than USD 1 billion.

Existing investors, including Sapphire Ventures and Citi Ventures, also participated in the round. Feedzai develops artificial intelligence and machine learning technology that helps banks and other financial firms to spot and prevent payments fraud, money laundering, and other types of illicit activities.

The funding will be used to speed up Feedzai’s global expansion and expand its product range. Feedzai’s clients include large companies such as Citigroup, Fiserv, and Banco Santander, as well as fintechs such as SoFi.

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Keywords: Feedzai, funding, artificial intelligence, money laundering, AML, banks
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime