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Feedzai
Cybersecurity
Feedzai is a Portuguese-founded financial crime prevention company providing AI-driven fraud detection and anti-money-laundering software used by banks and payment companies.
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Feedzai was founded in 2011 in Coimbra, Portugal by Nuno Sebastiao, Paulo Marques, and Pedro Bizarro, based on the recognition that financial fraud, including payment fraud, account takeover, and money laundering, was becoming increasingly sophisticated and difficult to detect using the rules-based fraud detection systems that most banks and payment companies had traditionally relied on, which typically flag transactions based on relatively simple, static criteria that fraudsters can often learn to evade once they understand what triggers a rule. Feedzai's platform applies machine learning models to analyze transaction and behavioral data in real time, identifying patterns and anomalies consistent with fraudulent activity that might not match any pre-defined rule but that a properly trained machine learning model can recognize based on subtle statistical patterns across a very large volume of historical transaction data, an approach the company argues adapts more effectively to fraudsters' constantly evolving tactics than static rules-based systems, which require manual updates each time fraud patterns shift. The company's products span fraud detection for various payment types, including card transactions, wire transfers, and increasingly instant and real-time payment rails, as well as anti-money-laundering compliance tools that help banks support fraud and AML monitoring workflows.. Feedzai's customers include major global banks and payment processors across many countries, and the company has emphasized the importance of minimizing false positives, meaning legitimate transactions incorrectly flagged as potentially fraudulent, since excessive false positives can create significant customer friction and operational cost for financial institutions even as they try to catch genuine fraud. The company has raised substantial venture funding from investors including Sapphire Ventures, KKR, and Citi Ventures, reaching unicorn status, competing with other financial crime prevention vendors including NICE Actimize and Featurespace.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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