Vaas, a Brazilian startup focused on financial fraud prevention for cryptocurrency transactions, has just completed a seed round of 20 million reais to expand its sales team and accelerate the development of AI fraud prevention solutions.
The company specializes in analyzing the transaction history of cryptocurrency wallets and expanding into Pix fraud prevention; previously, Vaas recorded a pre-seed round in October 2023 of approximately 2 million USD led by ABSeed.
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Vaas completed a seed round of 20 million reais, with participation from Headline Asia, ABSeed Ventures, and Honey Island Capital.
The company uses AI to analyze the entire transaction history of wallets to detect unusual activity, expanding into Pix fraud prevention.
Previously, in October 2023, Vaas completed a pre-seed round of approximately 2 million USD, led by ABSeed.
How much funding has Vaas just raised and who are the investors?
Vaas completed a seed round worth 20 million reais, led by Headline Asia, with participation from ABSeed Ventures and Honey Island Capital.
This funding is reported to be equivalent to approximately 370 million USD according to initial sources and will help the company expand its sales operations along with the development team.
In what field does Vaas operate?
Vaas is a Brazilian startup developing financial fraud prevention technology, focusing on cryptocurrency transactions and expanding into Pix fraud.
The company implements solutions to detect unusual behavior in transactions, providing services to partners who need to reduce risks associated with cryptocurrency transactions and domestic fast payment systems.
How does Vaas's AI analyze data to detect fraud?
Vaas uses artificial intelligence to analyze the entire transaction history of cryptocurrency wallets in order to identify unusual patterns or suspicious behavior.
This method compares transaction chains, frequency, trading partners, and behavioral indicators to determine risk; the historical data-based approach allows for detecting more sophisticated fluctuations compared to static rules.
What will the new capital be used for?
The seed fund is used to expand the sales team and accelerate the development of AI solutions focused on fraud prevention.
Investing in the sales team aims to enhance service deployment capabilities for enterprise clients, while R&D investments focus on refining the AI model and expanding risk detection for channels like Pix.
What funding history does Vaas have prior to this?
In October 2023, Vaas completed a pre-seed round of approximately 2 million USD led by ABSeed.
That pre-seed round was the foundation for the company to develop the initial product and expand services, leading to the recent seed round with participation from international investors.
Frequently Asked Questions
What customer segment does Vaas serve?
Vaas provides solutions for financial institutions, exchanges, and businesses that need to reduce cryptocurrency transaction risks and prevent fraud related to Pix.
Does Vaas's AI detect fraud in real-time?
According to the product description, AI analyzes transaction history to identify unusual behavior, assisting in early warning; details about processing delays are not specified in the original content.
Who are the main investors in the seed round?
The seed round was led by Headline Asia, with ABSeed Ventures and Honey Island Capital participating.
What was the scale of the previous pre-seed round?
The pre-seed round completed in October 2023 was approximately 2 million USD, led by ABSeed.
Source: https://tintucbitcoin.com/vaas-goi-von-seed-370-trieu-usd/
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