Madrid-based Lynx has successfully raised $18 million in Series A funding for its AI-driven fraud detection and prevention technology. The funding round was spearheaded by Forgepoint Capital, with participation from Banco Santander, an existing shareholder and client of Lynx.
Established two decades ago by Carlos Santa Cruz, a computer scientist and AI expert who currently serves as the CTO, Lynx leverages advanced AI and machine learning to thwart digital fraud and combat money laundering. The technology is designed to predict and detect behavioral patterns, delivering real-time risk scores at an enterprise scale.
Financial institutions, including Banco Santander and Brazil’s Cielo, utilize Lynx’s technology to prevent fraud across various channels, including cards, digital banking, e-commerce, branches, and ATMs.
The newly secured funding will support Lynx’s global expansion efforts and further the development of its integrated fraud and Anti-Money Laundering (AML) platform.