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Poland's Nethone raises almost USD 7 mln

Thursday 15 July 2021 11:46 CET | News

Nethone, a Poland-based online fraud fighter has raised USD 6,7 million in Series A to fight account takeover.

Atmos Ventures and ARIA are leading Nethone's most recent fundraising alongside Innovation Nest, Plug and Play Ventures, Firlej Kastory and several business angel investors.

Nethone's passive behavioural biometrics allows online businesses to stop 95.3% of account takeovers (ATO), as the press release says. Besides ATO, the Polish fraud fighter has been adding to its payment and financial application use cases.

Series A will allow Nethone to accelerate its go-to-market efforts and strengthen its proprietary Know Your User (KYUTM) profiling technology to equip global leaders with tools against fraudsters.

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Keywords: fraud prevention, funding, behavioural biometrics, account takeover, KYC
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Poland
This article is part of category

Securing Transactions