Company:SEON Fraud Fighters
| SEON TECHNOLOGIES UK LTD | |
| Type | Private |
| Industry | Fraud detection software developers |
| Founded | 2018, in Budapest, Hungary |
| Headquarters | Soho, London |
| Revenue | £10.2 million (2021) |
Number of employees | 200 |
| Website | seon.io |
SEON_Fraud_Fighters [1][2] is an Anglo-Hungarian financial technology consultant company specialising in online fraud prevention.
History
SEON was founded in Budapest, Hungary, in 2018 by Tamas Kádár and Bence Jendruszák. Kádár and Jendruszák became friends while studying at Corvinus University over their shared interest in cryptocurrencies. They launched the company following their studies after their firsthand experience of being targeted by online fraudsters. In 2021, the company appointed Jimmy Fong as its chief commercial officer.
SEON has been through two series of venture capital funding. In March 2021, SEON raised 12M dollars in a Series A round, making it one of Hungary's largest Series A funding rounds.
The company uses artificial intelligence and machine learning to establish a user's digital footprint to distinguish between authentic and fraudulent activity. SEON estimates that its technology has prevented over €50 million in fraudulent transactions.
Partnerships
In September 2021, SEON announced a partnership with identity verification company GBG to improve online fraud prevention in Asia-Pacific.
References
- ↑ Browne, Ryan. "Fintechs are under pressure to stop Russian sanctions evasion. This start-up raised $94 million to help". https://www.cnbc.com/2022/04/19/fraud-prevention-start-up-seon-raises-funds-to-fight-sanctions-evasion.html.
- ↑ Dumasia, Joy. "SEON partners with Provenir to build new fraud prevention solutions". https://ibsintelligence.com/ibsi-news/seon-partners-with-provenir-to-build-new-fraud-prevention-solutions/.
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