The developer of solutions against circumvention of anti-Russian sanctions raised $94 million

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it startup Seon has raised $94 million to develop tools against circumventing anti-Russian sanctions in the financial sector. It is reported by CNBC.

Seon, whose clients include Revolut, Afterpay and Nubank, is developing solutions that allow fintechs to fight fraud. Specifically, the startup's software parses the customer's email address, phone number, and other data to create a "digital footprint" and then checks that information for authenticity.

Seon is valued at $500 million following its latest funding round, CNBC sources told CNBC.

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