SEON launches free fraud prevention tool for businesses

SEON launches free fraud prevention toll for businesses

Online fraud prevention company SEON has launched a ‘forever free’ version of its fraud prevention platform to better help online businesses be protected.

This free plan will enable SEON to support more companies across countless verticals. It protects businesses operating in iGaming, payments, BNPL, online lending, crypto and more.

As part of the free plan, it supports up to 2,000 API calls each month at a rate of two queries per second. SEON stated this solution is perfect for small businesses that need immediate and effective fraud prevention.

This free version also includes email support from SEON’s customer success team.

There is a pro plan available, which is better for companies that need to process volumes of transactions or data at speed. Its pro service can serve bulk API calls in real-time at a rate of ten queries per second.

SEON is on a mission to make effective online fraud prevention more accessible for all businesses operating online. Its business operates on a product-led growth strategy, which it claims is a first within the broader online fraud prevention space.

By offering its solution through a software-as-a-service model, SEON provides a platform that is perfectly aligned with modern buying behaviours and highly accessible to businesses of all sizes.

SEON CEO and co-founder Tamas Kadar said, “We’re determined to tackle fraud head on. To do this effectively, we need everyone to have access to sufficient tools and education, and we have therefore chosen to launch a ‘forever free’ version of our platform. This version will help us to serve a greater number of online businesses than ever before, and it is a major step towards building a truly fraud free world.

“Research shows that online fraud rises in moments of economic strife. Therefore, as we brace for a downturn, the tools we use to stop online fraud need to become more robust. Sadly, for too long, this level of protection has only been available at a very high price point. That’s why for years, we’ve strived to make our service as accessible as possible. Through our ‘forever free’ option we’re able to go even further in that effort.”

The RegTech company recently raised $94m in its Series B funding round, which was led by IVP.

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