Lynx announces €17 million financing round led by Forgepoint and appoints new CEO

MADRID, 16 Nov. (EUROPA PRESS) -

Lynx, provider of software with Artificial Intelligence (AI) that detects and prevents fraud and financial crimes, announced this Thursday a 'series A' financing round of 17 million euros led by Forgepoint Capital, with the collaboration of Banco Santander , Lynx shareholder.

The firm has explained that with this investment it will finance its global expansion and promote the development of its integrated anti-money laundering and fraud prevention platform, which will offer full visibility of risks and will represent a "significant" increase in operational efficiency.

Lynx has also reported in a press release the appointment of Dan Dica as the new CEO, with the aim of helping him expand the company "thanks to his extensive experience developing successful software companies."

For his part, Leo Casusol, CEO of Forgepoint, will join the board of directors of Lynx.

The firm recalled that it currently supports some of the main financial entities in Europe, the United Kingdom, the United States and Latin America, including Cielo, the Brazilian credit and debit card operator, and Banco Santander.

Lynx CEO Dan Dica said the company will continue to develop the capabilities of its platform to better serve its customers around the world in the fight against fraud and financial crimes.

For his part, the general director of Forgepoint Capital, Leo Casusol, has stated that Lynx demonstrates a "deep" understanding of its needs in terms of risks, legal compliance and fraud prevention, which has allowed it to develop the "perfect" product. to the market.

Forgepoint Capital and Banco Santander announced last year a strategic alliance to boost investment and innovation in cybersecurity around the world, "and this is their first joint investment." However, the current investment is subject to approval by regulatory bodies.