Brazilian cryptocurrency anti-fraud company Vaas has completed a 3.7 million USD seed funding round.

According to reports from ScInova, Brazilian cryptocurrency anti-fraud company Vaas has completed a seed funding round of 20 million reais (approximately 3.7 million USD), led by Headline Asia, with participation from ABSeed Ventures and Honey Island Capital. This funding will be used to expand its sales department and accelerate the development of AI solutions focused on anti-fraud. Additionally, Vaas is a Brazilian startup that focuses on developing technology to combat financial fraud, primarily targeting cryptocurrency transactions and expanding its services to combat scams related to Pix. The company utilizes artificial intelligence to analyze the complete transaction history of cryptocurrency wallets to detect suspicious or anomalous activities. Previously, in October 2023, Vaas completed a 2 million USD Pre-Seed funding round, led by ABSeed.