Feedzai is a fintech company that provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud.
Feedzai is a coding the future of commerce with a leading platform powered by artificial intelligence and big data.
Feedzai was founded in Portugal in 2011 by Nuno Sebastião, with Paulo Marques and Pedro Bizarro. The company is headquartered in San Mateo, California and has multiple offices across US and Europe including Portugal.
Feedzai develops artificial intelligence and machine learning technology to help banks and other financial firms to spot and prevent payments fraud, money laundering and other types of illicit activities.
Feedzai’s risk management platform scores trillions of dollars of transactions to protect the world’s largest companies from fraud and money laundering. Feedzai is developing advanced AI and Engineering solutions to ensure frictionless money flows in financial services while keeping humans safe from financial crime.
Feedzai's customers include four of the five largest banks in North America, 80% of the world’s Fortune 500 companies, 154 million individual and business taxpayers in the U.S., and has processed $9 billion in online transactions for two of the world’s most valuable athletic brands.
Feedzai's reach covers some 800 million customers of businesses that use its services. Clients include Citigroup Inc, Fiserv, Santander, SoFi and Standard Chartered’s Mox.
Feedzai is backed by KKR, Sapphire Ventures, Oak HC/FT, Citi Ventures and others. The company raised $200M in a Series D round on Mar 24, 2021. This brings Feedzai's total funding to $277.5M to date. The Series D round valued Feedzai at over $1B post-money.