Sardine Secures $70M Investment to Revolutionize AI-Driven Fraud Detection Platform

Sardine Secures $70M Investment to Revolutionize AI-Driven Fraud Detection Platform

In the ever-evolving landscape of fintech, Sardine has emerged as a frontrunner in combating fraud and enhancing compliance through its advanced AI platform. Recently, the company secured a significant funding round, bringing its total capital raised to $145 million. This funding comes from a prestigious group of investors, including Andreessen Horowitz, Nyca Partners, and Google Ventures, among others.

Sardine’s Innovative Approach to Fraud Prevention

Founded by veterans from major financial platforms like Coinbase, Revolut, and PayPal, Sardine leverages cutting-edge technology to tackle fraud in real-time. The company’s core AI platform integrates:

  • Device Intelligence
  • Behavioral Biometrics
  • Machine Learning

Streamlining Compliance and Reducing Workloads

Sardine has developed a comprehensive suite of intelligent agents designed for:

  1. KYC Onboarding
  2. Sanctions Screening
  3. Merchant Risk Assessment
  4. Dispute Management

These tools significantly reduce manual workloads, helping firms lower operational costs. In the past year, Sardine reported an impressive 130% year-on-year ARR growth and nearly doubled its customer base, now serving over 300 enterprises, including notable names like FIS, Ascensus, Deel, GoDaddy, and X.

Insights from Sardine’s CEO

According to Soups Ranjan, CEO of Sardine, the challenges faced by risk teams are unprecedented:

“Risk teams are stretched to their limits, and the workload keeps growing. Alert volumes have surged 800%, compliance hiring can’t keep up, and analysts are stuck in an endless cycle of manual reviews.”

Ranjan emphasizes that not only is the volume of work increasing, but the nature of the tasks is also highly repetitive and critical. Sardine’s AI agents aim to:

  • Automate time-consuming risk operations
  • Accelerate response times
  • Reduce false positives
  • Empower teams to focus on genuine threats
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With the recent investment, Sardine plans to expand its AI infrastructure, enhancing the efficiency of risk teams and providing them with better tools to combat modern financial crime.

For more information about Sardine and its innovative solutions, visit their official website at Sardine.ai.

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