Popular identity verification tool raising $60m on $400m now with $10m in revenue

Tamas Kadar

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Updated: November 19th, 2023

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SEON, the fastest-growing fraud prevention company, was founded by Tamas Kadar, who also serves as acting CIO.

This fraud-detection startup creates a customer's "digital footprint" to weed out fake accounts and stop fraudulent transactions.

This business, which helps online businesses combat online fraud like fake accounts, has raised a $12 million Series A round led by Creandum and included PortfoLion, an OTP Bank subsidiary.

SEON successfully became Hungary's most financially secure tech startup after receiving a $94 million series B investment from IVP recently.

They have a talented team of consultants and developers to make the online business environment safer. Their goal is to make the online space much safer for high-risk merchants.

To date, 1 billion+ transactions have been reviewed, 50+ million Euro saved, and SEON has helped over 5000+ merchants.

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