SEON receives USD 94 mln in funding to fight online fraud

Other participants include angel investors and global renowned companies like Aiven, Coinbase, DataDog, DoorDash, Figma, Slack, etc. The funding comes a year after its Series A investment round and will be used to expand SEON’s presence in LATAM, North America, and APAC, as well as to establish new partnerships with ecommerce platforms, and integrate additional data sources to help customers better fight online fraud. 

SEON’s take on identity fraud is a flexible solution with instant results. Once the company identifies a potential threat, the solution can be trailed by customers in less than 30 seconds and implemented in one day. The fintech is focused on APIs and its Data Enrichment module uses available data to establish a client’s individual digital footprint based on email address, IP address, phone number, and real-time location, while complying to the GDPR rules enforced in the EU.