Hungary-based SEON has acquired anti-money-laundering company Complytron for $2.6M.
The company claims the acquisition will let it avoid building its own AML databases.
- SEON is an online fraud detection software company that provides features such as:
- risk scores,
- social media checkups,
- financial fraud accounts,
- device fingerprinting, etc.
- SEON has raised around $107M since its inception in 2017.
- Compyltron is a cybersecurity company that is also based in Hungary.
- Compyltron
is known for its AML tools that enable, for example, law enforcement
agencies to search for specific people that are deemed necessary through
advanced algorithms.
- The company also offers fingerprint detection technology that will now be merged with SEON's software offering.