SEON posts rapid growth & raises USD $80m Series C

SEON has reported more than 80% annual recurring revenue growth in 2025 and said it added hundreds of new customers as organisations combined fraud prevention and anti-money laundering work.

The fraud and AML platform also reported a more than 250% rise in API usage compared with 2024. SEON said the increase reflected deeper customer adoption. The company attributed growth to higher usage among existing customers and expansion across financial services and retail, along with betting and gaming.

SEON operates internationally from Austin, London, Budapest and Singapore. It has positioned Singapore as a regional hub as it scales in the Asia-Pacific.

Funding round

SEON also detailed fundraising activity during the year. In September, the company raised USD $80 million in a Series C round led by Sixth Street Growth. IVP also participated, SEON said. Total funding reached USD $187 million after the round.

SEON said it planned to use the financing for international growth. It also cited further work on artificial intelligence and broader product coverage in fraud detection, identity verification and AML compliance.

The company framed its recent development work around closer links between fraud teams and compliance teams. It said product releases in 2025 addressed workflows and decision-making across both functions.

Product updates

In 2025, SEON launched an AML suite. The company said the suite combines customer screening, payment screening, transaction monitoring and case management in one environment.

SEON also said it shipped "AI-native" features during the year. These included algorithmic customer similarity ranking, AI case and transaction summaries, and automated risk decisioning.

SEON stated that customers reported a manual review time reduction of up to 50% following these releases. The company did not provide a breakdown by customer segment or geography.

The company said its platform uses more than 900 real-time, first-party data signals. It said the system enriches customer profiles, flags suspicious behaviour and streamlines compliance workflows.

Asia-Pacific focus

SEON said it expanded operations in Singapore to support customers across the broader Asia-Pacific region. The company did not disclose headcount figures or the size of its Singapore operation.

Singapore has become an operational base for several financial crime technology vendors that sell into banks, fintechs and online merchants across Southeast Asia and Australia. Regional demand has increased as digital payment volumes rise and regulators place greater focus on transaction monitoring and customer due diligence.

SEON did not identify the new customers it added in 2025. It said growth came from a mix of new customer wins and increased usage among existing customers.

Third-party recognition

SEON also highlighted several external milestones from 2025. It said it earned three AWS Competencies, including the AWS SMB Competency. The company said just 14 of AWS's more than 140,000 partners hold that designation.

SEON said it was named to CNBC's World's Top FinTech Companies list for the third consecutive year. It also said it featured in research from Celent, Chartis, Datos Insights and Liminal.

SEON has positioned its product around the consolidation of fraud prevention and AML compliance processes. Many financial institutions and online businesses run separate tooling and teams for these areas. That structure can create duplicated checks and delays during onboarding and payments, and it can make it harder to share intelligence about suspected bad actors across systems.

"2025 was a strong year for SEON and our customers. Revenue and adoption climbed as more organizations recognized that fraud and AML can't operate in isolation, which is exactly why we're building the command center," said Tamas Kadar, CEO and Co-Founder, SEON. "When AI-powered fraud detection and compliance work from a unified view, teams get earlier insight into intent, adapt faster to threats and make decisions that accelerate growth instead of slowing it down. That's what we delivered in 2025, and we're just getting started."

SEON said it would continue international expansion and further product development across fraud, identity and AML following its Series C round.