SEON, a FinTech company specialising in fraud prevention and AML compliance, has secured fresh funding to support its next phase of growth.
The firm, which positions itself as a “command centre” for fraud prevention, works with leading digital brands worldwide.
The company announced it has raised $80m in a Series C round led by Sixth Street Growth, with participation from existing investors IVP, Creandum and Firebolt. New backers also included Hearst. The round brings SEON’s total funding to $187m.
Founded to tackle the rising scale of fraud and regulatory pressure, SEON has built a unified platform that analyses tens of millions of customer interactions daily. Its technology enables rapid onboarding, compliance at scale and advanced fraud detection, all delivered through a single API. Its client base includes Revolut, Plaid, Nubank, Afterpay, Spotify and Entain.
With the new capital, SEON plans to accelerate product innovation, invest in AI-driven fraud detection and strengthen global expansion efforts. The firm is targeting greater presence in APAC and Latin America while continuing to build momentum in North America and EMEA. It will also expand strategic partnerships and boost hiring to support its rapid growth.
The company reports significant impact for its clients, with up to 90% reductions in fraudulent account creation, more than 80% increases in precision when stopping fraudulent transactions, and up to 75% cuts in manual review times. These improvements have allowed businesses to focus more on growth rather than firefighting fraud cases.
SEON co-founder and CEO Tamas Kadar said, “Our mission has always been clear, to enable companies to prevent fraud without impeding legitimate growth. This investment allows us to continue serving the critical market need for fraud prevention and AML solutions that can scale at the speed of modern digital commerce. With global fraud losses exceeding billions annually, we are tackling a fundamental challenge facing businesses worldwide.”
Sixth Street Growth managing director Michael Bauer said, “Fraud is growing at an unprecedented pace in the age of AI, and businesses need better defenses. SEON has built the command center for fraud prevention and AML compliance that empowers organizations to combat bad actors without impeding real customer transactions. Their proprietary data signals and end-to-end workflow platform provide the real-time insights needed to make smarter decisions with confidence. Tamas, Bence and the team have built an important and mission critical solution for the challenges that online businesses face today, and we’re excited to support their continued global expansion.”
IVP partner Karthik Ramakrishnan added, “SEON is the world’s fastest-growing fraud prevention company and has greatly exceeded growth targets while expanding their platform capabilities. What sets them apart is their obsession with customer outcomes; 90% reductions in fraudulent registrations and over an 80% increase in preventing fraudulent transactions aren’t just metrics, they’re transformational business results.”
Creandum general partner Simon Schmincke said, “As an early SEON backer, we continue to be impressed by their execution velocity and market leadership. The team has built something rare, a platform that makes fraud prevention faster and more effective, not slower. Watching SEON scale from a promising startup to global market leader has been remarkable. We’re very excited to continue our support through their next phase of growth.”
SEON’s earlier funding rounds included significant support from IVP, Creandum and Firebolt, helping the company grow from an emerging startup into a recognised global leader in fraud prevention and AML compliance.
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