Feedzai


Feedzai is a data science company that detects fraud in omnichannel commerce. The company uses real-time, machine learning to analyze big data to identify fraudulent payment transactions and minimize risk in the financial industry.
Feedzai enables businesses to analyze information so as to keep their customers’ data and transactions safe. Feedzai software detects fraud through deep historical and behavioral analysis of the organization’s data. According to Forbes, in Feb. 2016, Feedzai handles $1B per day in total payments volume.

History

Feedzai was founded by a team of aerospace engineers and data scientists including Nuno Sebastião, Pedro Bizarro and Paulo Marques. Feedzai is the first start-up to be created as a result of a program from Carnegie Mellon University to create new knowledge in the areas of ICT from Portugal through research and education.
Feedzai has offices in Silicon Valley, New York City, London, Coimbra, Porto and Lisbon.
Recently, Entrepreneur Magazine stated that Feedzai one of the seven top startup companies using big data in innovative ways. Forrester Research named Feedzai as leading company on the future of machine learning. Gartner identified Feedzai as a cool vendor, and for online fraud detection and operational intelligence platforms.

Funding

Feedzai is backed by OAK HC/FT, Sapphire Ventures, Capital One Ventures, Data Collective and other international investors. In May 2015, the company raised a total of $17.5 million in Series B financing led by Oak HC/FT along with existing investors: Sapphire Ventures and Espirito Santo Venture.
Oak HC/FT’s General Partner, Patricia Kemp, and Venture Partner Jonathan Weiner, co-founder of Money20/20 and former Head of Global Business Development for Google Wallet and Payments, serve on Feedzai’s board of directors.

Customers and Partners

Feedzai customers are located in Europe, the Americas and Africa. Customers also consist of payment networks, processors, banks, retailers, and large financial institutions such as First Data.. Partnerships include those with Emailage, Socure, and Azul Systems.