Sardine, a San Francisco, CA-based fraud and compliance platform for fintechs to protect customers from financial fraud, raised $19.5m in Series A funding.
Backers included Andreessen Horowitz, NYCA, and Experian Ventures. Andreessen Horowitz General Partner Angela Strange joined Sardine’s board of directors.
Funds will be used for continued growth, as well as to further product development and hiring in the coming months.
Led by Soups Ranjan, CEO and co-founder, Sardine is a behavior-based fraud and compliance platform for digital wallets and neobanks. Its products are used by fintech, crypto, and NFT companies to prevent account opening, funding, and payments fraud. It can also provide full fraud guarantees when funds are acquired via ACH or card rails.
Sardine now powers over 50 customers, including some of the largest neobanks (Brex and Chipper Cash), fast growing crypto exchanges FTX, Luno, and Bakkt), and global NFT and crypto platforms (Abra, Transak, MoonPay, and Candy Digital).
FinSMEs
10/02/2022