Dutch Payments Security Firm Fraudio Secures US$3.3 Million in Seed Funding
Fraudio, a Netherlands-based payments fraud prevention startup, announced that it has raised US$3.3 million during a seed funding round.
Investors in this round are the founders of FinTech companies Stone and SaltPay, VCs BiG Start Ventures and BYND Venture Capital, as well as the founders of Viva Wallet, ComplyAdvantage and VOLT, and experts from the payments and cybersecurity industries.
Fraudio’s funding came at a time when there is growing demand for fraud detection solutions as more merchants and consumers move online in the wake of the Covid-19 pandemic.
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