This new round of investment from Alea (through its venture capital fund “Alea Innovation One FCR”), alongside Fraudio’s existing investors, will enable the company to accelerate the development of the company’s technology and go to market.
With its AI-powered platform, Fraudio is shaking up the payment fraud detection and anti-money laundering industries. The company enables businesses to combat fraud in real-time by offering a plug-and-protect fraud detection tool. Powered by next-generation machine learning, networked datasets, and cutting-edge cloud computing, Fraudio’s SaaS solution elevates fraud detection to new heights.
Rui Escaleira, Co-Founder Alea Capital Partners: “Fraudio has developed an industry leading AI based approach to payment fraud prevention, addressing a significant industry problem. We are very pleased to be a part of Fraudio’s next phase, supporting the company as it rolls out its go-to-market strategy. Fraudio’s founders have extensive experience and a deep understanding of the market’s challenges and needs. Fraudio’s solution applies to many different participants in the electronic payments value chain. With fast rollout and easy integration, Fraudio’s growing client community can quickly benefit from protection against sophisticated fraud attempts, avoiding financial loss and reputational damage.”
“Today’s funding not only validates our approach but also fuels our ambition to innovate further in fraud prevention,” remarks CEO João Moura. The CEO adds the investment funds will boost R&D initiatives, further enhance analytics for clients and expand the commercial team. João Moura also highlights Portugal as a key hub, citing its supportive R&D environment and skilled tech workforce considered vital to company’s innovation and rapid scaling efforts.
The investment is made by Alea Innovation One FCR in the context of the Plano de Recuperação e Resiliência (PRR), via an investment with the support of the Portuguese Bank of Fomento (Banco Português de Fomento), within the scope of its venture capital program, the aim of which is to support the investment in venture capital funds dedicated to investment in companies thereby fostering the establishment and/or capitalization of businesses, primarily in the early stages, and also to promote market entry and the growth/expansion of viable companies through the development of new products/services or markets.
About Fraudio
Set out in 2019 to revolutionize fraud detection. At Fraudio, we’re on a mission to make fraud prevention smarter and simpler. By connecting all players in the payments chain to our centralised AI, we deliver real-time, efficient protection that addresses today’s fast-evolving fraud landscape. Our unique, centralized AI approach not only lowers fraud risks but also offers a high value solution that is easily integrated, making us a trusted partner for companies globally. Connect with us online: head over to www.fraudio.com or our LinkedIn Page, for the latest updates and contact details.
About Alea Capital Partners
Alea Capital Partners is an alternative asset management company based in Lisbon, deploying three key investment strategies: Alternative Living Solutions, Transformational Private Equity, and Venture Capital. Alea ‘Venture & Innovation’ strategy invest in the scale-up and growth of European and US B2B SaaS businesses, leveraging AI and ML as key components of the value proposition, to solve complex industry challenges.
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