USA – Sardine, a San Francisco, CA-based provider of fraud, compliance, and instant settlement solutions, raised $51.5M in Series B financing.
Andreessen Horowitz’s Growth Fund led the round with participation from new and existing investors, including XYZ, Nyca Partners, Sound Ventures, Activant Capital, Visa, Google Ventures, Eric Schmidt, Vikram Pandit, The General Partnership, NAventures, ING Ventures, ConsenSys, Cross River Digital Ventures, Alloy Labs, and Uniswap Labs Ventures. The compact intends to use the funds to accelerate product development as well as marketing and sales across the globe. Led by Soups Ranjan, CEO, and Aditya Goel, Sardine provides real-time fraud prevention products that help customers reduce more fraud with fewer false positives, leading to faster user growth and higher authorization rates. It combines traditional financial data sets, like bank account history, with identity, behavior and device intelligence to enhance their customers’ risk capabilities. Sardine also offers KYC, AML, sanctions, and transaction monitoring to reduce fraud during account opening, account funding, and ongoing transactions. With over 135 customers, and growing, the company is actively hiring for roles across Engineering, Product, Customer Success, Sales, and Operations.20/09/2022
