Lynx Raises $18 Million in Series A

by Kay Aloha Villamor in November 16th, 2023

Lynx, a Madrid, Spain-based AI software provider focused on fraud prevention and detection of financial crimes, has raised $18 million in Series A funding.

SaaS Investors

The round was led by Forgepoint Capital, with the participation of Banco Santander, a Lynx shareholder.

Forgepoint Capital is a multi-stage venture capital firm that invests in transformative companies protecting the digital future. With $1B+ AUM, the firm brings over 100 years of proven company-building experience and its Advisory Council of more than 90 industry leaders to support entrepreneurs advancing innovation globally. Founded in 2015, the firm focuses on cybersecurity, software, artificial intelligence, machine learning, blockchain, cloud, DevOps, insurance technology, finance technology, and privacy sectors.

Forgepoint Capital Managing Director Leo Casusol will join Lynx's Board of Directors.

Lynx Use of Funds

The investment will be used to fuel Lynx's global expansion and further develop its integrated fraud and anti-money laundering (AML) platform. The funding will also support Lynx's efforts to enhance its platform capabilities and address market and regulatory requirements.

About Lynx

Founded by Dr. Carlos Santa Cruz, Lynx provides AI software designed to detect and prevent fraud and financial crimes. It uses advanced AI and machine learning to predict and detect behavioral patterns associated with digital fraud and money laundering. Lynx developed the 'Daily Adaptive Model', a first-of-its-kind proprietary capability that continually learns new behaviors and retains models daily, further enhancing the accuracy of its risk scores. Lynx also applies its technological expertise in the AML space, where it optimizes the way organizations detect and manage financial crime. Lynx is helping leading financial institutions across Europe, the UK, the US, and Latin America, including Cielo, the largest credit and debit card operator in Brazil, and Banco Santander.

Funding Details


Raised: $18.0M

Round: Series A

Funding Month: November 2023

Lead Investors: Forgepoint Capital

Additional Investors: Banco Santander

Company Website:

Software Category: Fraud and Financial Crime Solutions

Source: Jackson Gaskins


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