Feedzai raises undisclosed amount

What does Feedzai do?

Feedzai is a leading data science company which is shaping the future of fraud detection in commerce. The company provides software which uses machine based learning and big data analysis for preventing fraud in commerce. It uses machine learning and big data along with human intelligence for predicting and detecting fraud within payment transactions all over the world. Customers in Europe, North and South America and Africa use this company’s software for predicting and preventing payment loss before it occurs. Their software can detect fraud in any commerce transaction by analyzing current and historical data, whether the credit card is present or not, all in real time. This company can identify fraud as much as ten days earlier than other solutions and expose more fraud cases all with lower false alarms.

How much Feedzai was funded?

The company raised an undisclosed amount on October 20, 2016 from Citi Ventures.

Previous funding

€1.43M on May 6, 2011 from EDP,  Novabase Capital and Espí­rito Santo Ventures.

$2.4M on Series A on February 19, 2013 from Data Collective and Sapphire Ventures

$4.16M in undisclosed round on May 1, 2014

$17.5M in Series B on May 18, 2015 from Oak HC/FT,  Espí­rito Santo Ventures, Sapphire Ventures and Capital One Growth Ventures

What is next for Feedzai?

The company plans on using the funding for continuing for expanding its offerings for banking and commerce systems in new geographies. The company’s funding will help the company with the development and commercialization of new solutions with the potential of transforming how to identify and prevent malicious activity in financial services.

More about Feedzai

Feedzai was founded in October 18, 2009 by Nuno Sebastião,  Pedro Bizarro and Paulo Marques. It has its headquarters in San Mateo, California. The company was launched by aerospace engineers and data scientists. The company is an artificial intelligence company.