Finance:Cybertonica
Cybertonica is a FinTech company which detects and prevents fraudulent transactions and reduces risk for financial services organisations.[1] The company uses machine learning and artificial intelligence (AI) to analyse data in real-time[2] and help secure online transactions by identifying who is a fraudster and who is a good customer.[3]
Cybertonica was named as the Best New Back Office Innovation at the tenth annual Emerging Payments Awards in 2017[4] with its fraud management solution designed to grow e-commerce and m-commerce businesses and build their customers’ trust.[5]
History
Cybertonica is founded in 2015 and headquartered in London, United Kingdom .[6] Founding members include Joshua Bower-Saul, Sergey Velts and Victor Orlovsky.[7] In 2015, the company participated in startup accelerator programme, Startupbootcamp FinTech.[8]
In 2016, Tech.London, which is supported by Mayor of London to promote London’s technology and entrepreneurship scene,[9] announced Cybertonica as winner of Startup to Watch October 2016.[10]
In 2017, Cybertonica was selected as one of the European FinTech 100 companies.[11] In addition, New York-based research outfit CB Insights[12] identified Cybertonica among more than 80 firms using AI to secure the future.[3]
In January 2020, Cybertonica raised $2 million in Series A funding led by London-based Venture Capital firm Force Over Mass Capital, with the participation of TrueSight Ventures and Springboard.[13]
Funding
Cybertonica is backed by Digital Space Ventures, which is an investment company supporting early stage FinTech businesses,[14] and other international investors.
References
- ↑ Finextra (20 July 2015). "Startupbootcamp FinTech unveils startups for London programme". https://www.finextra.com/pressarticle/60519/startupbootcamp-fintech-unveils-startups-for-london-programme.
- ↑ Temperton, James. "WIRED Money 2016 Startup Stage: security and services". https://www.wired.co.uk/article/wired-money-2016-startup-stage-security.
- ↑ 3.0 3.1 "Cybersecurity’s Next Frontier: 80+ Companies Using Artificial Intelligence To Secure The Future In One Infographic". 9 June 2017. https://www.cbinsights.com/research/cybersecurity-artificial-intelligence-startups-market-map/.
- ↑ "Amazon, Apple And The Post Office Among The Big Winners At The Emerging Payments Awards 2017 - The Fintech Times". https://thefintechtimes.com/amazon-apple-post-office-among-big-winners-emerging-payments-awards-2017/.
- ↑ "The Emerging Payments Awards 2017: Who won what?". http://www.bobsguide.com/guide/news/2017/Oct/6/the-emerging-payments-awards-2017-who-won-what/.
- ↑ "Cybertonica Ltd.". https://www.crunchbase.com/organization/cybertonica.
- ↑ "Cybertonica - Idea London". https://www.idea-london.co.uk/community/residence/cybertonica.
- ↑ "Accelerators: bridging the gap in fintech » Banking Technology". http://www.bankingtech.com/511502/accelerators-bridging-the-gap-in-fintech/.
- ↑ "About London's Official Guide for Startups". https://www.tech.london/about.
- ↑ "Tech.London Announces Cybertonica as Winner of Startup to Watch October 2016". http://www.tech.london/news/tech-dot-london-announces-cybertonica-as-winner-of-startup-to-watch-october-2016.
- ↑ "Nominees - European FinTech 100 & Top 3 - Fintech Europe". https://europe2017.fintech.nl/nominees/european-fintech-100-top-3.
- ↑ Loizos, Connie. "CB Insights Raises $10 Million in Series A Funding". https://techcrunch.com/2015/11/09/cb-insights-raises-10-million-in-series-a-funding/.
- ↑ Editor (2020-02-03). "Cybertonica raises $2 million for Series A" (in en-GB). https://fintech-bulletin.com/cybertonica-raises-2-million-for-series-a/.
- ↑ "Digital Space Ventures - Portfolio". https://www.digital.space/digital-space-ventures-portfolio.
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