Feedzai fourth Portuguese unicorn

 In News, Start-Up, Technology

Feedzai, the Portuguese startup founded by Nuno Sebastião, has just raised US$200 million in an investment round, making the company, which is now worth €1Bn, Portugal’s fourth unicorn.

The company now joins Farfetch, Talkdesk and Outsystems within the restricted group of unicorns which started in Portugal.
The fintech announced the $US200 million round headed by KKR, a leading global investment firm, on Wednesday, 24 March.
The round D series, which also included other investors that had already invested in Feedzai in the past. (like Sapphire Ventures and City Ventures), will be used to accelerate the international reach of the company which has its HQ in Coimbra, in addition to developing its product offer and boosting strategic partnerships to bolster its position in the market focusing on preventing financial crime and management risk solutions.
The raise was supported by a Portuguese team from the law firm Garrigues, coordinated by partner Mário Lino Dias.
Feedzai uses artificial intelligence and machine learning to help financial institutions identify and prevent fraud in payments, capital laundering and other illegal activities.
Although it has a strong commercial presence in Silicon Valley, the company’s tax base is in Portugal where it has its engineering and product team is based in Coimbra.