Anti-fraud FinTech Quantexa raises $153m

UK FinTech Quantexa has raised $153 million in a Series D funding round.

The FinTech, founded in 2016, provides software which aims to help financial services institutions fight financial crime and manage data.

The funding round was led by US private equity firm Warburg Pincus, while existing investors including HSBC and ABN Amro Ventures also joined the round.

The round gives Quantex a valuation of between $800 million and $900 million.

The FinTech said its clients include HSBC, Standard Chartered and Danske Bank, and that it also has partnerships with Google and Microsoft.

Quantexa cited figures from IDC which estimate the size of the anti-fraud services market at around $114 billion annually.

"Quantexa’s proprietary technology enables clients to create single views of individuals and entities, visualised through graph network analytics and scaled with the most advanced artificial intelligence technology," said Adarsh Sarma, managing director and co-head of Europe at Warburg Pincus. "The company's impressive growth to date is a reflection of its invaluable value proposition in a massive total available market, as well as its continued expansion across new sectors and geographies."

    Share Story:

Recent Stories


The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.