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Feedzai raises USD 17.5 mln in financing round

Tuesday 19 May 2015 10:44 CET | News

Feedzai, a data science company, has raised a USD 17.5 million Series B financing round.

Oak HC/FT led the financing, along with existing investors, Sapphire Ventures and Espirito Santo Ventures.

In 2014, Feedzai secured new customers across the globe, and analyzed more than 18 billion transactions, equivalent to more than USD 760 billion in payment volume. The company’s fraud detection service API for developers handled over 300% more transactions in late 2014, demonstrating the resilience and demand for Feedzai’s solutions.

Feedzai is a data science company that uses machine-based learning to help payment providers, banks and retailers prevent fraud in omnichannel commerce. Feedzai is a global company, headquartered in the US.


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Keywords: Feedzai, fraud prevention solution, online security, data science, data security, financing
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime