SEON Technologies

SEON Technologies, commonly known as SEON is a company specializing in fraud prevention and anti-money laundering (AML) compliance. The company was founded in Budapest, but it is currently based in Austin, Texas, with additional offices in Budapest, London, Singapore, and Jakarta, Indonesia. The company develop systems that utilize artificial intelligence to identify and prevent online fraud and to verify customer identities.

History

SEON Technologies was founded in 2017 in Budapest by Tamás Kádár and Bence Jendruszák. The company transitioned from operating a cryptocurrency exchange to developing fraud prevention software. SEON produce an annual Digital Fraud Outlook Report that survey executives in the financial sector regarding their approaches to fraud prevention. In 2021, SEON secured Hungary's largest Services A funding round. Following a second funding round in 2022, the company's valuation exceeded $500 million. In 2025, CNBC included SEON in its list of the World's Top Fintech Companies. The company has reported serving over 5,000 organisations and claims to have helped prevent losses exceeding $300 billion due to fraud.

In 2021, the company raised €10 million in a Series A funding round, which was reported as the largest of its kind in Hungary. That year, it also opened offices in Austin and Jakarta. The company introduced a fraud prevention application for Shopify merchants in 2021. Additionally, it was included in Deloitte's "Fast 50 Centural Europe" list for that year.

In 2022, SEON secured additional funding to support its expansion into North America Latin America, and the Asia-Pacific region. SEON reported to be the most well-funded Hungarian startup at the time. In 2023, SEON acquired Complyron, a Hungarian company focused on compliance and anti-money laundering (AML). The company's two founders were also included in Forbes' 30 Under 30 list for Europe that year. In 2024, SEON Expanded the availability of its services through a partnership with Amazon Web Service.

Product expansion

In 2025, SEON expanded its operations in Indonesia and Singapore to accommodate growth in its client base within the Asia-Pacific region. The company also announced a partnership with the Australian fintech firm MoneyMe. In the same year, SEON introduced an automated chargeback management system and announced a partnership with Chargeflow in May, integrating chargeback automation into its platform.

In June, SEON launched an AI-drive anti-money laundering (AML) compliance suite. In September, the company raised $80 million in a Series C funding round, bringing its total funding to $187 million. In fall 2025, the company expanded its offerings by adding a suite of additional AI capabilities.

Awards and recognition

• In 2022, SEON recognized by the Europas Awards as the "hottest cybersecurity startup".

• SEON Technologies received the Cyber Security Solution of the Year award at the FSTech Awards in 2022 and was previously recognised as Anti-Fraud Solution of the Year in 2021.

• The company was included in Deloitte's Technology Fast 50 list, recognised it as one of the fastest-growing technology companies in Central Europe.

• In 2025, SEON received the Global Enabling Technology Leadership Award for Fraud Detection and Prevention from the research firm Frost & Sullivan.