Seon ដែលជាក្រុមហ៊ុនចាប់ផ្តើមទប់ស្កាត់ការក្លែងបន្លំប្រមូលមូលនិធិដើម្បីប្រយុទ្ធប្រឆាំងនឹងការគេចវេសពីទណ្ឌកម្ម

LONDON — Seon, a start-up that helps fintech companies like Revolut tackle online fraud, has raised $94 million to develop new tools for preventing sanctions evasion by Russia.

The London-based company raised the fresh cash in a funding round led by IVP, the Silicon Valley investment firm that has backed the likes of ក្រុមហ៊ុន Netflix Inc និង Twitter. IVP Partner Michael Miao has also joined Seon’s board.

Existing investors Creandum, an early តាម Online backer, and PortfoLion, also invested, as did numerous angel investors, including Coinbase Chief Operating Officer Emilie Choi and យូយូផាត Chief Executive Daniel Dines.

Seon, which counts the likes of Revolut, Afterpay និង Nubank ។ as customers, said its technology is designed to make it easier for firms of all stripes to combat fraud.

Its software analyzes a consumer’s email address, phone number and other data to build up a “digital footprint,” and uses machine learning to determine whether they’re genuine or suspicious.

The firm is now valued at $500 million after its latest funding round, according to two people familiar with the matter, who preferred to remain anonymous discussing private information.

Tamas Kadar, Seon’s CEO and co-founder, said his company has seen heightened demand for tools that root out transactions from sanctioned individuals and entities and “politically exposed persons” amid Russia’s invasion of Ukraine.

Part of the cash will be used to address the possible use of fintech apps for money laundering and sanctions evasion.

“We are working on an arm to support this need from our client base,” Kadar told CNBC.

Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid ក្តីបារម្ភ that their controls may be more lax than that of banks. In February, PayPal said it removed more than 4 million accounts after finding they were “ខុសច្បាប់"។

Seon is also working on a function that will verify businesses online and see if their shareholders are on any sanctions lists.

Such tools could identify whether someone is “just creating shell companies to launder money,” or “as a fake identity to hide their assets,” Kadar said. Seon has “prioritized this feature to be added in the next quarter,” he added.

Russia’s war against Ukraine means “there has arguably never been a more challenging time for international financial institutions,” according to Charles Delingpole, CEO of anti-money laundering platform ComplyAdvantage, and an early investor in Seon.

“The pandemic saw a rapid shift to online-only activity away from branches, which saw fraudsters gain many more opportunities to perpetuate fraud,” Delingpole told CNBC.

The funds will also go toward helping Seon expand in the United States, as well as Latin America and Asia.

“We’re going to be scaling up our U.S. team massively,” Bence Jendruszak, Seon’s chief operating officer, told CNBC. “Online fraud is a major issue in the U.S.”

Last year, the company opened new offices in Austin, Texas, and Jakarta, Indonesia, and quadrupled its workforce to 200. Seon expects to roughly double its headcount in the next 12 months.

The company says its annual recurring revenue roughly tripled in 2021, while its customer base more than doubled, to 250 from 100.

Kadar and Jendruszak founded Seon in Budapest, Hungary, in 2017 after completing their university studies. Kadar has since moved the company’s headquarters to the U.K. Seon competes with a number of start-ups, including Israeli firm ហានិភ័យ and U.S.-based Arkose Labs.