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Netherlands based AI-powered payment fraud detection system has raised $3.3m in Seed funding led by BiG Start Ventures and BYND Venture Capital.
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Aiming to take over from the rules-based fraud prevention systems still prevalent today, Fraudio's technology is designed for all parts of the payments ecosystem: payment-service-providers, acquirers, issuers, processors, card schemes and large merchants that run their own checkouts or gateways.
https://www.finextra.com/newsarticle/38142/fraudio-raises-33m-for-fraud-prevention-platform
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