NetGuardians raises CHF 5 million in its second round of financing
- Fraud Detection
- 27.10.2014 12:00 am
NetGuardians, a Swiss company offering anti-fraud banking solutions, is heading into its second round of financing of CHF 5 million. The funding will support international commercial expansion and continued growth of their team.
NetGuardians’ NG|Screener software solutions use intelligent behavioral analysis to monitor and analyze all user activities in real time, for continuous control of all risks from business operations to IT. It integrates seamlessly into all major banking software platforms. Through ongoing R&D, NetGuardians ensures that NG|Screener solutions stay ahead of evolving fraud tactics and IT risks.
Since 2007, NetGuardians has continually gained greater momentum and currently shows an annual growth rate of over 50% per annum. The company has built a strong presence in the European, African, Middle-Eastern and, most recently, Asian markets.
“We are pleased to take a stake in NetGuardians to further strengthen our multi-faceted strategic partnership and demonstrate our strong commitment to the company,” says Olivier Schneider, a Partner at Orbium, a business consulting company focused exclusively on the financial services industry. “Reliable safeguards against IT and business risks are vital to the industry. NG|Screener has proven to be an essential part of this anti-fraud arsenal.”
“NetGuardians is a clear fit for us in terms of investment,” says Matteo Rizzi of SBT Venture Capital, a large fin-tech fund. “We focus on best-in-class, revenue-generating finance industry start-up. NetGuardians promises longevity with an innovative solution that meets one of the finance industry’s most critical technological needs.”
Polytech Ventures, a Swiss technology seed fund, have recommitted to NetGuardians, as NetGuardians’ first investor.
“We are extremely pleased to have secured this strategic capital support,” says NetGuardians COO Raffael Maio. “These funds will help us to accelerate our growth to gain new market shares and reinforce our global presence. The strong expertise of Orbium and SBT in the financial industry will contribute to expand our global presence.”