"SEON's AI Shield Stands Strong as Fraud Waves Rise—$80M to Expand Global Defense"

SEON, a leading provider of fraud prevention and anti-money laundering (AML) solutions, has secured $80 million in Series C funding, bringing its total funding to $187 million. The investment was led by Sixth Street Growth, with participation from existing investors IVP, Creandum, and Firebolt, and new investors including Hearst. This funding round will accelerate SEON’s global expansion, enhance its AI-powered fraud detection capabilities, and support strategic talent acquisition.

The company has experienced rapid growth over the past year, particularly among fraud and compliance technology providers. SEON processes tens of millions of customer interactions daily for thousands of clients, including major digital brands such as Revolut, Plaid, Nubank, Afterpay, Spotify, and Entain. Its platform integrates over 900 real-time data signals to deliver scalable compliance, fraud prevention, and digital onboarding through a single API. This approach has solidified SEON’s position as a market leader in the fraud prevention space.

Clients using SEON’s services have reported significant improvements in fraud detection and operational efficiency. The platform has enabled up to 90% reductions in fraudulent account creation and more than an 80% increase in precision when identifying fraudulent transactions by unifying fraud and AML controls. Additionally, clients have seen up to a 75% reduction in manual review time, allowing teams to focus more on business growth and less on reactive investigations.

The funding will be allocated toward enhancing SEON’s AI capabilities for real-time fraud detection, continuing global expansion in regions such as Asia-Pacific and Latin America, and strengthening strategic partnerships with financial institutions and cloud service providers. SEON will also focus on tailoring its solutions to meet localized regulatory requirements and fraud patterns in new markets.

Michael Bauer, Managing Director at Sixth Street Growth and future board member, highlighted the importance of SEON’s mission in the evolving threat landscape. “Fraud is growing at an unprecedented pace in the age of AI, and businesses need better defenses,” Bauer said. He emphasized that SEON’s platform provides real-time insights and workflow automation that empower organizations to make informed, confident decisions without compromising customer experience.

Tamas Kadar, co-founder and CEO of SEON, reiterated the company’s commitment to scaling its solutions to meet the demands of modern digital commerce. With global fraud losses exceeding billions annually, SEON is positioned to address a fundamental challenge for businesses worldwide. Karthik Ramakrishnan of IVP and Simon Schmincke of Creandum both praised SEON’s market leadership, noting its exceptional growth performance and transformative impact on fraud prevention outcomes.

As the demand for unified compliance and fraud prevention solutions grows, SEON’s strategy aligns with the increasing need for scalable, real-time defenses. The company’s API-driven platform is designed to adapt to evolving threats, streamline workflows, and reduce risk, all while enabling businesses to maintain rapid growth in an increasingly complex digital landscape.