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Sardine· 10 Feb 2022 L2 · Minor

Sardine announced $19.5 million in Series-A funding led by Andreessen Horowitz, joined by NYCA and Experian Ventures.

Announcing our Series-A led by Andreessen Horowitz ↗

What happened

  • Sardine announced an instant ACH product for loading money into a wallet.
  • Sardine states it powers over 50 fintechs, including Brex, Chipper Cash, FTX, Luno, and Bakkt.

Why it matters to Signicat

  • Funding is below the €20M Level 5 threshold and concerns a fraud and payments vendor outside Signicat's core identity product lines; limited direct overlap with Signicat's eID, signing, or verification offering.
  • The company's fraud-engine focus on onboarding and payments is adjacent to Signicat's risk and AML screening line.
Evidence from the source (4 quotes)
  • “Today, we’re also excited to announce our instant ACH product, the fastest and safest way to load money into a wallet” source ↗
  • “we’ve grown to powering over 50 fintechs, including some of the largest neobanks (Brex and Chipper Cash), fast growing crypto exchanges (FTX, Luno, and Bakkt)” source ↗
  • “we have raised $19.5 million in Series-A funding” source ↗
  • “This helps to stop fraud at the time of new customer onboarding, account funding, and during payments in and out of digital wallet.” source ↗
Fraud deepfake injectionOrchestration platformFundingProduct launchGlobal

3 of 3 facts verified against the source · confidence high · claude-haiku-5-5