Lynx Raises €17M in Series A Funding
Summary
Lynx, a Madrid, Spain-based provider of AI software that detects and prevents fraud and financial crimes, raised €17M in Series A funding. The company intends to use the funds to expand its global expansion and further the development of its integrated fraud and AML platform. Created 20 years ago by Dr. Carlos Santa Cruz, a computer scientist and artificial intelligence expert who now serves as Chief Technology Officer, and led by newly appointed CEO Dan Dica, Lynx is a provider of AI software designed to detect and prevent fraud and financial crimes. Lynx also applies its technological expertise in the AML space, where it optimizes the way organizations detect and manage financial crime. Today, Lynx is serving financial institutions across Europe, the UK, the US and Latin America, including Cielo, a credit and debit card operator in Brazil, and Banco Santander.