March 28, 2021
Feedzai raises US $ 200 million and becomes the fourth Portuguese unicorn. The financial risk management technology Feedzai, is now valued at well above $1 billion which confirms, according to the company, the support and confidence of Sapphire Ventures and Citi Ventures, who in 2017 invested $50 million in the biggest investment ever registered by a startup until the date.
Feedzai is the market leader in fighting financial crime, providing today’s most advanced cloud-based risk management platform using advanced machine learning techniques. This investment comes a week after the company’s recent announcement of the award-winning ethical AI innovation Feedzai Fairband, the world’s most advanced AI fairness framework that allows financial institutions worldwide to make better and fairer decisions while protecting them from financial crime.
Now, with this new round of investment Nuno Sebastião, Co-Founder, Chairman and Feedzai CEO, states on the company’s announcement “we’re ecstatic at the “future-proof” capabilities this new investment will bring our team, products, and cloud platform” adding that “this investment assures the cutting-edge technology we’re known for, along with our expertise in fraud prevention and anti-money laundering, will continue and expand and develop well into the future.”