Fraudio

Overview

Fraudio is an Amsterdam company founded in 2019 by João Moura and Nathan Trousdell, both from the payments industry, selling fraud and financial crime detection to the payment chain rather than to merchants. Its buyers are payment service providers, merchant acquirers, card issuers, processors, card schemes, payment facilitators and large merchants operating their own gateway. Three products run on one platform: payment fraud detection, merchant initiated fraud detection for acquirers monitoring their own merchant portfolios, and money laundering detection. The architecture is the defining choice and it is the opposite of the per customer approach taken elsewhere in this lane. Fraudio pools the transaction datasets of all its customers into a single centralized model it calls a brain, trained on billions of transactions, requiring no per customer configuration and learning continuously from every transaction that passes through any customer. The company describes this as a third generation approach, a deliberate break from rules based systems and from machine learning trained on an individual customer's own data, and holds patents or patent applications over it. Responses are stated at under 100 milliseconds. Commercially it sells on a pay per use basis with monthly subscriptions and no commitment, and offers a free Proof of Results in which a prospect supplies historical transaction data and compares Fraudio's detection output against their incumbent before paying anything. The company reports around 31 staff, roughly 3.3 million dollars raised across three rounds including a Series A in June 2026, and backing associated with ING, Payvision and Viva Wallet.

Details

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