SEON Technologies

SEON Technologies
IndustryFintech, fraud prevention, compliance, Anti-money laundering
Founded2017
FounderTamás Kádár and Bence Jendruszák
HeadquartersAustin, Texas
Area served
Worldwide
ServicesFraud detection and prevention, anti-money laundering
Websitehttps://seon.io/

SEON Technologies, commonly known as SEON is a company specializing in fraud prevention and anti-money laundering (AML) compliance. The company was founded in Budapest, but it is currently based in Austin, Texas, with additional offices in Budapest, London, Singapore, and Jakarta, Indonesia. The company develop systems that utilize artificial intelligence to identify and prevent online fraud and to verify customer identities.[1][2][3]

History

SEON Technologies was founded in 2017 in Budapest by Tamás Kádár and Bence Jendruszák.[4][5] The company transitioned from operating a cryptocurrency exchange to developing fraud prevention software.[6][7] SEON produce an annual Digital Fraud Outlook Report that survey executives in the financial sector regarding their approaches to fraud prevention. In 2021, SEON secured Hungary's largest Services A funding round. Following a second funding round in 2022, the company's valuation exceeded $500 million.[8] In 2025, CNBC included SEON in its list of the World's Top Fintech Companies.[9] The company has reported serving over 5,000 organisations and claims to have helped prevent losses exceeding $300 billion due to fraud.[10][11][12]

In 2021, the company raised €10 million in a Series A funding round, which was reported as the largest of its kind in Hungary. That year, it also opened offices in Austin and Jakarta.[13][14] The company introduced a fraud prevention application for Shopify merchants in 2021. Additionally, it was included in Deloitte's "Fast 50 Centural Europe" list for that year.[15][16][17]

In 2022, SEON secured additional funding to support its expansion into North America Latin America, and the Asia-Pacific region. SEON reported to be the most well-funded Hungarian startup at the time.[18] In 2023, SEON acquired Complyron, a Hungarian company focused on compliance and anti-money laundering (AML).[19][20] The company's two founders were also included in Forbes' 30 Under 30 list for Europe that year. In 2024, SEON Expanded the availability of its services through a partnership with Amazon Web Service.[21]

Product expansion

In 2025, SEON expanded its operations in Indonesia and Singapore to accommodate growth in its client base within the Asia-Pacific region. The company also announced a partnership with the Australian fintech firm MoneyMe.[22][23][24] In the same year, SEON introduced an automated chargeback management system and announced a partnership with Chargeflow in May, integrating chargeback automation into its platform.[25]

In June, SEON launched an AI-drive anti-money laundering (AML) compliance suite. In September, the company raised $80 million in a Series C funding round, bringing its total funding to $187 million. In fall 2025, the company expanded its offerings by adding a suite of additional AI capabilities.[26][27]

Awards and recognition

• In 2022, SEON recognized by the Europas Awards as the "hottest cybersecurity startup".[28]

• SEON Technologies received the Cyber Security Solution of the Year award at the FSTech Awards in 2022 and was previously recognised as Anti-Fraud Solution of the Year in 2021.[29][30][31]

• The company was included in Deloitte's Technology Fast 50 list, recognised it as one of the fastest-growing technology companies in Central Europe.[32]

• In 2025, SEON received the Global Enabling Technology Leadership Award for Fraud Detection and Prevention from the research firm Frost & Sullivan.[33][34][35]

References

  1. ^ "SEON Technologies". Forbes. Retrieved 2026-05-06.
  2. ^ "SEON Delivers Strong 2025 Growth as Customers Consolidate Fraud and AML Operations". finance.yahoo.com. Retrieved 2026-01-14.
  3. ^ Davis, Hazel. "Founder and CEO of Hungary's most-funded tech startup uses ethos of self-reliance and strong partnerships to drive innovation". Business Insider. Retrieved 2026-05-06.
  4. ^ "Watch: How SEON is building trust and profitability in APAC's iGaming sector". SigmaPlay. Retrieved 2026-05-06.
  5. ^ Atanasova, Teodora (2025-09-17). "Budapest-founded SEON Secures Over €67M Series C". TheRecursive.com. Retrieved 2026-05-06.
  6. ^ Duncan Riley (2025-09-16). "Fraud prevention firm SEON raises $80M to scale AI-driven compliance platform". SiliconANGLE. Retrieved 2026-05-06.
  7. ^ Clarke, Gina (2020-11-12). "Behind the Idea: SEON". The Fintech Times. Retrieved 2026-05-06.
  8. ^ Browne, Ryan (2022-04-19). "Fintechs are under pressure to stop Russian sanctions evasion. This start-up raised $94 million to help". CNBC. Retrieved 2026-05-06.
  9. ^ "SEON Celebrates Becoming World's Fastest Growing Fraud Prevention Company". Financial IT. Retrieved 2026-05-06.
  10. ^ Matthew Busuttil. "Watch: How SEON is building trust and profitability in APAC's iGaming sector". SigmaPlay. Retrieved 2026-05-06.
  11. ^ "SEON Raises $80 Million to Bolster Fraud Prevention Efforts with AI - 2025". New York Stock Exchange - An Ice Exchange. Retrieved 2026-05-06.
  12. ^ Elias, Karia (2022-04-19). "Fraud prevention startup SEON pockets $94M becoming the most funded Hungarian-founded business to date — TFN". Tech Funding News. Retrieved 2026-05-06.
  13. ^ Alex Hamilton. "ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more". FinTech Futures. Retrieved 2026-05-06.
  14. ^ Browne, Ryan (2022-04-19). "Fintechs are under pressure to stop Russian sanctions evasion. This start-up raised $94 million to help". CNBC. Retrieved 2026-05-06.
  15. ^ "SEON - Reviews, Information and Alternatives". ecommercetech.io. Retrieved 2026-05-06.
  16. ^ McConvey, Joel R. (2026-02-02). "Equifax, ComplyCube, iDenfy, Seon, LexisNexis tout fresh identity security tools | Biometric Update". www.biometricupdate.com. Retrieved 2026-05-06.
  17. ^ "London-based online fraud detection startup SEON secures €87.1M to help businesses keep customers safe - Silicon Canals". 2022-04-19. Retrieved 2026-05-06.
  18. ^ "Anti-fraud platform SEON raises $94m Series B to fuel global expansion". FinTech Futures. Retrieved 2026-05-06.
  19. ^ "SEON buys Complytron to create a 'single source for fincrime intelligence'". Open Banking Expo. 2023-02-06. Retrieved 2026-05-06.
  20. ^ Finextra (2023-02-06). "Seon acquires AML specialist Complytron". Finextra Research. Retrieved 2026-05-06.
  21. ^ Forbes (2023-03-08). "Kijött a Forbes európai 30/30 listája – három magyar is van rajta, köztük fiatal selfmade milliárdossal". Forbes.hu (in Hungarian). Retrieved 2026-05-06.
  22. ^ Knowles, Catherine. "SEON expands APAC team as demand for fraud tech solutions rises". eCommerceNews Asia. Retrieved 2026-05-06.
  23. ^ "Why is my bank demanding my passport and licence details?". Information Age. Retrieved 2026-05-06.
  24. ^ "MoneyMe Selects SEON to Strengthen Fraud Prevention and Credit Decisioning". 2025-08-21. Retrieved 2026-05-06.
  25. ^ Woodward, Kevin. "Eye on Fraud Prevention: TIS's Fraud Prevention Boost; Chargeflow and Seon's Integration". Digital Transactions. Retrieved 2026-05-06.
  26. ^ Sofia, Nurin (2025-06-10). "SEON unveils AI-powered AML suite to unify fraud and compliance efforts". Tech Edition. Retrieved 2026-05-06.
  27. ^ "Fraud prevention fintech SEON raises $80m Series C". FinTech Futures. Retrieved 2026-05-06.
  28. ^ Butcher, Mike (2023-02-06). "Post Series-B, anti-fraud platform SEON acquires AML startup Complytron for a rumored €2.5M". TechCrunch. Retrieved 2026-05-06.
  29. ^ "Seon Named Cyber Security Solution of the Year". Financial IT. Retrieved 2026-05-06.
  30. ^ "FStech Awards". www.fstech.co.uk. Retrieved 2026-05-06.
  31. ^ Leonards, Alexandra (2023-03-17). "FStech awards 2023 winners revealed". FStech. Retrieved 2026-05-06.
  32. ^ Flockett, Anna (2022-01-20). "SEON Becomes the Quickest Growing Fraud Prevention Company". Startups Magazine. Retrieved 2026-05-06.
  33. ^ "SEON Wins Frost & Sullivan 2025 Fraud Tech Award". techedgeai.com. 2026-02-02. Retrieved 2026-05-06.
  34. ^ Salivio, Sofiah Nichole. "SEON recognised for AI-led fraud detection leadership". SecurityBrief Asia. Retrieved 2026-05-06.
  35. ^ "SEON Receives 2025 Global Enabling Technology Leadership Recognition from Frost & Sullivan". finance.yahoo.com. Retrieved 2026-02-02.

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