Digital Fraud Prevention Solution Sardine Closed $19.5 Million Series A Funding Round Led by a16z

TokenInsight news, Sardine, a digital fraud prevention solution, closed a $19.5 million Series A round led by a16z, with participation from XYZ, SweatEquity Ventures, 11.2 Capital and others. Sardine is aims to remove the delays and risks associated with the movement of money between traditional banks and cards into crypto and digital wallets. Sardine developed a behavior-based fraud and compliance platform. At its core is a fraud engine, which analyzes users’ identity, device, and behavior signals to risk-score transactions in real-time. This helps to stop fraud at the time of new customer onboarding, account funding, and during payments in and out of digital wallet. Previously, Sardine closed a $4.6 million seed funding round in March 2021, led by XYZ Ventures.

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