Lynx Secures $18 Million in Series A Funding to Advance AI-Driven Fraud Detection and Global Expansion #
In a significant move in the fintech sector, Lynx, a Madrid-based company specializing in AI-driven fraud detection and prevention, has successfully raised $18 million in Series A funding. The investment round was led by Forgepoint Capital, a notable name in venture capital, and saw the participation of Banco Santander, an existing shareholder and client. Established two decades ago by Carlos Santa Cruz, a computer scientist and AI expert who now serves as the company’s CTO, Lynx leverages advanced artificial intelligence and machine learning techniques. These technologies are integral to Lynx’s strategy for combating digital fraud and money laundering, as they facilitate the real-time prediction and detection of fraudulent behavioral patterns at a large scale.
Lynx’s innovative solutions are currently utilized by major financial institutions, including Banco Santander and Brazil’s Cielo. The technology is adept at securing various financial operations, covering areas like card transactions, digital banking, e-commerce, as well as physical branches and ATMs. This new influx of capital is earmarked for Lynx’s global expansion and the continued development of its integrated platform, which is designed to address both fraud and Anti-Money Laundering (AML) challenges. This development marks a significant step in the fight against financial crimes in the digital age.