Feedzai Raises $17.5M in Series B

What does Feedzai do?

Feedzai, is a data science company which offers software that uses big data analysis and machine based learning in order to avoid fraud in commerce. Its fraud prevention technology combines machine learning and big data with human intelligence to predict and find fraud within payment transactions all over the world. Feedzai’s Fraud Prevention That Learns is used by Europe, Africa, North and South America as this software predicts and prevent payment loss before it happens.

It can detect fraud in any commerce transaction, by analyzing the current and historical data, whether your credit card is present or not, in real time. Its platform can detect fraud as early as 10 days than other solutions and expose more fraud cases with lesser false alarms.  This startup was launched in Europe by aerospace engineers and data scientists.

How much Feedzai was funded?

Feedzai raised $17.5 M in Series B funding on May 18^th, 2015 from Espí­rito Santo Ventures, Oak HC/FT and Sapphire Ventures.

Previous funding

• €1.4M in Seed round on May 6, 2011 from Novabase Capital, EDP and Espí­rito Santo Ventures
• $2.4M in Series A round on February 19, 2013 from Sapphire Ventures and Data Collective.

What is next for Feedzai?

Feedzai will use the latest funding for expanding its sales and engineering teams for meeting customer demand for the company’s software platform. As a part of the funding, Patricia Kemp, Oak HC’s General Partner and Jonathan Weiner, the co-founder of Money 20/20 will be joining the Board of Directors of Feedzai.

More about Feedzai

Feedzai was founded on October 18, 2011 by Pedro Bizarro, Paulo Marques and Nuno Sebastião. It has its headquarters in San Mateo, CA. This platform makes it easy for businesses to transform their risk and fraud management into a real time decision science by making this science to accessed easily and available to all people from all the parts of a company.