Today marks an important milestone in SEON’s journey to make the internet a safer place for businesses and consumers: We’ve completed our Series C funding round!
The round was led by Sixth Street Growth, a global investment firm renowned for backing technology leaders like Airbnb, Spotify and SumUp. It also includes follow-on investments and continued support from IVP, Creandum and Firebolt, plus new investors including Hearst, and will power the next phase of growth and innovation at SEON.
Fraud and financial crimes are evolving at breakneck speed in the digital world. Powered by AI tooling and backed by dark web communities, fraud rings target every digital experience with industrial precision, allowing synthetic identities to slip through legacy defenses. Businesses everywhere are feeling the weight; trust is more fragile; and the cost of a single fraudulent transaction goes far beyond lost revenue.
With this new investment and our team’s relentless focus, SEON’s command center for fraud prevention and AML compliance is helping organizations move faster, safer and with greater confidence. Here’s why this moment matters:
- SEON clients have achieved up to 99% drops in multi-accounting abuse and 87% reductions in fraudulent activity by unifying fraud and AML controls.
- Our command center pulls from 900+ real-time data signals for smarter risk decisions and seamless compliance, all through a single API.
- Companies can integrate SEON in as little as a few days, not months, enabling them to stop fraud before it becomes a drag on growth.
As we enter this new chapter, our commitment is clear: to build the solutions that make digital commerce safer, more transparent and seamless for businesses and their customers everywhere. The support from Sixth Street, IVP, Creandum, Firebolt, Hearst and our entire SEON team is what lets us keep raising the bar. Thank you to everyone who has joined us on this journey. You inspire us every day to keep raising the bar to deliver real impact at global scale.
