PANews reported on September 18th that, according to TechFundingNews, global fraud prevention company SEON announced the completion of an $80 million Series C funding round led by Sixth Street Growth, with participation from IVP , Creandum , Firebolt , and Hearst. This brings SEON's total funding to $187 million. The new funds will be used to strengthen its presence in the Asia-Pacific and Latin American markets and optimize regional predictive models. SEON provides real-time fraud detection for digital businesses such as Revolut , Plaid , and Nubank , resulting in a 90% reduction in fraudulent account creation , an 80% increase in transaction monitoring accuracy , and a 75% reduction in manual reviews, according to customer reports . Michael Bauer, Managing Director of Sixth Street Growth, will join SEON's board of directors.PANews reported on September 18th that, according to TechFundingNews, global fraud prevention company SEON announced the completion of an $80 million Series C funding round led by Sixth Street Growth, with participation from IVP , Creandum , Firebolt , and Hearst. This brings SEON's total funding to $187 million. The new funds will be used to strengthen its presence in the Asia-Pacific and Latin American markets and optimize regional predictive models. SEON provides real-time fraud detection for digital businesses such as Revolut , Plaid , and Nubank , resulting in a 90% reduction in fraudulent account creation , an 80% increase in transaction monitoring accuracy , and a 75% reduction in manual reviews, according to customer reports . Michael Bauer, Managing Director of Sixth Street Growth, will join SEON's board of directors.
Anti-fraud company SEON completes $80 million Series C financing, led by Sixth Street Growth
PANews reported on September 18th that, according to TechFundingNews, global fraud prevention company SEON announced the completion of an $80 million Series C funding round led by Sixth Street Growth, with participation from IVP , Creandum , Firebolt , and Hearst. This brings SEON's total funding to $187 million. The new funds will be used to strengthen its presence in the Asia-Pacific and Latin American markets and optimize regional predictive models. SEON provides real-time fraud detection for digital businesses such as Revolut , Plaid , and Nubank , resulting in a 90% reduction in fraudulent account creation , an 80% increase in transaction monitoring accuracy , and a 75% reduction in manual reviews, according to customer reports . Michael Bauer, Managing Director of Sixth Street Growth, will join SEON's board of directors.
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