Feedzai, a company focused on AI-driven RiskOps for financial crime prevention, announced an investment round of about $75 million, which has raised its company valuation to over $2 billion. This latest funding round attracted new institutional investors, including Lince Capital, Iberis Capital, and Explorer Investments, alongside continued support from existing investors such as Oxy Capital and Buenavista Equity Partners.
Feedzai is experiencing remarkable momentum as it evolves into a comprehensive platform designed to combat financial crime. This includes fraud detection, risk assessment, and anti-money laundering efforts. The company currently protects over $70 billion in annual payment volume across various card transactions and bill payments. This impressive growth highlights Feedzai’s crucial role in safeguarding financial operations for its clients.
Over the past year, Feedzai has achieved several significant milestones that demonstrate its commitment to innovation. One of the key developments has been the launch of Feedzai Orchestration and Feedzai IQ, two new products designed to enable financial institutions to conduct more intelligent, rapid, and precise risk assessments. These tools utilize advanced AI capabilities to enable organizations to identify and mitigate financial crimes more effectively.
The impact of Feedzai’s solutions on its customers has been substantial. The company has successfully prevented losses exceeding $2 billion and saved more than 20 million hours for analysts who would otherwise spend valuable time sifting through data. This outcome not only enhances the efficiency of financial institutions but also strengthens their overall security posture against financial crimes.
Feedzai prides itself on its responsible AI leadership by introducing the TRUST Framework. This framework ensures that responsible design principles are embedded into every aspect of their Generative AI development. By adhering to these principles, Feedzai aims to create systems that are fair, explainable, and secure, thereby building trust with its clients and their customers.
In the current landscape, many financial institutions depend on a fragmented collection of tools from various vendors to manage their financial crime operations. This disjointed approach leads to unnecessary complexity and inefficiency, especially as these organizations expand. Feedzai addresses this challenge by offering a holistic financial crime prevention solution that integrates various point products into a single, unified platform.
This integration simplifies operations and provides a modern alternative as companies transition from outdated legacy systems to advanced AI-native solutions.
Support: Garrigues served as legal counsel to Feedzai on the recent investment round.
KEY QUOTES:
“Fraud isn’t just numbers on a balance sheet. It’s families losing their life savings and businesses losing customers. Protecting people and organizations from financial crime is why we built Feedzai. It’s our steadfast mission to keep commerce safe. This new investment round enables us to continue driving innovation to defend against whatever comes next, so that every form of payment, even those yet to be imagined, can be trusted and adopted safely.”
Nuno Sebastião, Co-Founder and CEO of Feedzai
“Feedzai’s ability to execute across multiple product lines while scaling globally places them in the elite tier of software companies. Financial fraud is one of the defining risks of our time, and Feedzai combines proven technology with deep expertise to protect both banks and their customers. With its AI-driven, end-to-end approach to risk operations, Feedzai is uniquely positioned to transform the industry.”
Vasco Pereira Coutinho, CEO at Lince Capital
