This Entrepreneur Is Banking On Online Fraud | Forbes
March 8, 2023
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4:15Now PlayingThis Entrepreneur Is Banking On Online Fraud | Forbes
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as posted by the channelWith so much potential for online fraud, Tamas Kadar is helping banks, online retailers and gaming platforms weed out fake accounts. His Budapest-based tech company Seon, which he cofounded with Bence Jendruszak, uses software to comb through hundreds of data points across social media and IP address activity to flag suspicious email and phone numbers tied to a user. His digital detective software has raised more than $100 million to date, including a $94 million Series B round led by IVP last April. Kadar says that Seon has 5,000 business customers, has investigated more than 1 billion transactions and had more than $12 million in revenue in 2022. SEON currently has about 250 employees across offices in London, Budapest, Singapore and Austin. Kadar aims to grow SEON beyond fraud detection. As Kadar tells Forbes: "We would like to extend our product portfolio to help businesses on a wider scale and help companies gain more intelligence about their customers and their behavior."
Even a difficult year marred by the ongoing war in Ukraine, a pressing energy crisis, rocketing inflation and a barrage of natural disasters couldn’t slow down Europe’s youngest visionary leaders. In a historically tough environment, the 300 founders and entrepreneurs featured on our 2023 Forbes Under 30 Europe list raised more than $3 billion in capital—$1 billion more than our 2022 class. Europe's brightest founders are putting the cash to work, building bold companies that are out to combat climate change, fight fraud, reinvent the banking industry and better treat infections.
To compile our eighth annual list, Forbes writers and editors combed through thousands of online submissions, and tapped industry experts and list alumni for recommendations. Candidates were evaluated by Forbes staff and a panel of independent, expert judges (including beauty entrepreneur and Bliss Spa founder Marcia Kilgore, musician Joy Crookes and Zepz, formerly WorldRemit, founder Ismail Ahmed) on a variety of factors, including (but not limited to) funding, revenue, social impact, scale, inventiveness and potential. All final listers must have been 29 or younger as of March 7, 2023.
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