The latest funding round of Feedzai secured an additional USD 75 million, valuing the company at USD 2 billion.
This investment was supported by new institutional investors such as Lince Capital, Iberis Capital, and Explorer Investments. Oxy Capital and Buenavista Equity Partners also renewed their financial support for the venture.
Addressing Fraud Prevention Challenges
The average financial institution employs numerous tools from up to a dozen different vendors for daily fraud prevention activities. This disjointed approach introduces complexity and inefficiency, affecting both individuals and businesses significantly. To combat this issue, Feedzai has concentrated on its mission of ensuring safe commerce.
Feedzai offers a financial crime prevention solution that merges various point products into an integrated, state-of-the-art platform. As companies transition from traditional systems to AI-driven ones, the platform is increasingly becoming central within their tech stacks. The new round of investment will be channeled towards enhancing the company’s offerings and developing new services.
The company has safeguarded over 70 billion in annualized payment volume through its fraud prevention solutions across card transactions and bill payments. With the newly raised funds, Feedzai plans to refine its products and launch additional offerings.
Innovations and Expansions
Recently, Feedzai launched two new innovations: Feedzai Orchestration and Feedzai IQ. These tools enable financial institutions to make quicker and more accurate risk assessments. The platform has also doubled its success rate in preventing fraud, saving over USD 2 billion and reducing analysis hours by 20 million.
The company introduced the TRUST Framework, which integrates responsible design into all aspects of GenAI development, ensuring systems remain transparent and secure. Over the years, Feedzai’s platform has expanded to include various financial institution products, such as bank account openings, credit card transactions, payments, and transaction monitoring.
Lince Capital recognizes Feedzai’s ability to execute across multiple product lines while scaling globally as crucial for institutions seeking comprehensive crime prevention solutions. With a focus on AI-powered risk operations, Feedzai’s expertise protects both banks and their customers from financial fraud.
