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NetGuardians raises CHF 17m to fight fraud; investors include Pictet Group and ACE & Company

Award-winning Swiss FinTech NetGuardians, renowned for its smarter AI-based enterprise risk platform for combating banking fraud, today announced it has successfully completed a new round of funding.

NetGuardians raisedCHF 17m in new capital, more than the double eachof the previous rounds.Lead investors includethe Pictet Group,a NetGuardians client, as well as private investment group ACE &Company, headquartered in Geneva with offices in London, Cairo,Hong Kong and New York.

The funds will be used to support meeting rising demand for its fraud- mitigation software. NetGuardians will do this by strengthening its position in existing markets and further developing its software-as-a-service (SaaS) subscription model.

Raffael Maio, NetGuardians’ Chief Strategy Officer


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