SEON, a fraud prevention and anti-money laundering, or AML, compliance company, has secured $80 million in a Series C funding round. The investment was led by Sixth Street Growth, with participation from existing investors IVP, Creandum and Firebolt, bringing SEON’s total funding to $187 million.
The company provides a platform that analyzes tens of millions of customer interactions daily for thousands of clients, including digital brands like Revolut and Afterpay. Its solutions help clients reduce fraudulent account creation and increase precision in stopping fraudulent transactions by unifying fraud and AML controls.
SEON plans to use the new capital to accelerate its global expansion, with a focus on Latin America and the Asia-Pacific region. The financing will also go toward AI-powered product development, strategic talent acquisition and fostering deeper collaborations with financial institutions and cloud service providers.
