• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Cybersecurity Firm Buguroo Raises 11 Million in Series A Funding, Looks to Global Expansion of Anti-Fraud Platform

November 26, 2019

Biometrics News - Cybersecurity Firm Buguroo Raises 11 Million in Series A Funding, Looks to Global Expansion of Fraud Prevention Platform

Cybersecurity firm Buguroo has announced an $11 million dollar Series A funding round that will help it to accelerate the development of its Deep Learning-based online fraud detection and prevention platforms, and allow it to focus on an expansion into the U.S. and U.K. markets, among others.

The funding for the Madrid-based Buguroo was led by Ten Eleven Ventures out of California, and Seaya Ventures, a Spanish firm that focuses on Spain and Latin America-based ventures. Existing investors Inveready Technology Investment Group and Conexo Ventures also participated. 

Buguroo’s fraud detection and prevention technology currently supports over 50 million customers in Europe and Latin America, and with the new round of funding its team plan on expanding the company’s services into the U.S., U.K., France, and Germany.

The Series A round will also aid Buguroo in the acceleration of products like its ‘Fraudster Hunter’ platform, which identifies and tracks the behavioral patterns of fraudsters and their collaborators. Fraudster Hunter uses Deep Learning to spot fraudster patterns and scenarios, and discover victims before hey know they have been the subjects of fraud, allowing financial services companies to stay a step ahead of fraudulent activity.

Buguroo’s products collect thousands of parameters relating to the behavioural biometrics of customers — from mouse movement and keystrokes, to geolocation and malware records — to guard against an increasingly common attack known as synthetic fraud, where fake identities are set up by hackers during the onboarding phase.

The ability to stop fraudulent digital activity without disrupting user experience is a crucial benefit to financial services institutions across the world.

“With focused, regional investment in sales and marketing, we have proven the power of our solution,” said Pablo de la Riva, Founder and CEO of Buguroo. “We are thrilled to have the support of our new investors, who are enabling us to continue to bring this best-in-class solution to banks around the globe and accelerate our mission of continuous innovation in online fraud detection.”

Aris Xenofontos from Seaya Ventures commented, “We are very excited to have the opportunity to join Pablo and the team in their journey to help any kind of organisation prevent digital fraud and become the world’s largest database of fraudster digital identities. We are looking forward to supporting them using our experience with high-growth international businesses.” 

–

November 26, 2019 – by Tony Bitzionis

Related News

  • BioCatch Details Business Benefits of Behavioral BiometricsBioCatch Details Business Benefits of Behavioral Biometrics
  • BioCatch Explains How Behavioral Biometrics Generates ROI for Financial InstitutionsBioCatch Explains How Behavioral Biometrics Generates ROI for Financial Institutions
  • Behavioral Analytics Startup Raises $123M in Funding RoundBehavioral Analytics Startup Raises $123M in Funding Round
  • RSA Stresses Need for Multi-Channel Fraud PreventionRSA Stresses Need for Multi-Channel Fraud Prevention
  • iDenfy Adds Risk Screening to Fraud Prevention PortfolioiDenfy Adds Risk Screening to Fraud Prevention Portfolio
  • ENACOMM Adds REDi Risk Analytics to Financial Services PortfolioENACOMM Adds REDi Risk Analytics to Financial Services Portfolio

Filed Under: Features, News Tagged With: anti-fraud, anti-fraud platforms, anti-fraud solutions, anti-fraud technology, Buguroo, digital fraud, digital identity, financial services, fraud prevention, fraudsters, online fraud

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Panera Pivots to Bakery Biometrics: Identity News Digest
  • Zighra Gets Canada’s OK, Worldcoin Launches ‘World ID’: Identity News Digest
  • Lawsuits, Passkeys, and a New VP: Identity News Digest
  • Digital Identity Tech Demo Online Event
  • Biometric Ticketing Comes to Osaka Station: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics