Tech Tour Growth Forum has named UTEN Global Startup Program alumnus Feedzai one of the most innovative technology companies in Europe. Feedzai received the Special Jury Prize last week at the Forum’s award ceremony in Geneva. To be eligible, Feedzai had already been identified as one of Europe’s 50 fastest growing pre-exit companies, the Tech Tour Growth 50.
Feedzai is a Portuguese data science company that uses real-time, machine-based learning to help payment networks, banks and retailers prevent fraud in omnichannel commerce. Feedzai’s software powers payment systems for customers in North and South America, Europe, and Africa.
Feedzai entered the UTEN Global Startup Program (then known as US Connect) in 2011 with the goal to bring its big data analytics platform into the US energy sector. Deep market analysis conducted with Feedzai during the program uncovered a more lucrative and proximate market, credit fraud monitoring. During the program, Feedzai obtained its first US client in this space, Cardinal Commerce. This deal validated the market opportunity and led to private venture funding of $24 million since 2013.
For more information, see:
Tech Tour Growth Forum news release, March 17, 2020
Feedzai Stops Financial Fraud With Machine Learning, Forbes, Feb. 16, 2020