Feedzai, the Portuguese unicorn expert in detecting and preventing financial fraud, recently acquired the Australian company Demyst, a specialist in internal and external data access, for 100 million dollars.
According to Nuno Sebastião, Chairman and CEO of Feedzai, “Demyst and its Zonic platform bring an elegant solution to a hard problem: how to orchestrate the right data, at the right moment, with speed and responsibility.”
Feedzai’s acquisition of Demyst unifies data orchestration and risk management into a single platform, equipping financial institutions with real-time data, analytics, and trusted AI for optimal risk decisions.
Feedzai was the 1st startup launched under the CMU Portugal Program, by Paulo Marques, Pedro Bizarro and Nuno Sebastião, and in 2021 became the 2nd Unicorn Company born under the partnership, now valued at well above $1 billion
Feedzai led the Large Scale Collaborative project CAMELOT and became an industry affiliated partner of CMU Portugal, actively contributing to the program’s advanced education and research, investing in R&D and building a highly skilled workforce.
Two of its founders, Paulo Marques and Pedro Bizarro, have been heavily involved in the program, having participated in the Visiting Faculty mobility initiative. Paulo Marques was also the first Director of the Master’s in Software Engineering from the Portuguese side and continued his affiliation with the Program throughout the years. He is now one of CMU Portugal’s Scientific Directors.
Feedzai-Demyst in the Media:
EN: AFR, AML Intelligence, Biometric Update, FintechFutures; Fintech Finance News, Finovate;
PT: Eco Sapo, Expresso, FinanceFeeds, LinkToLeaders, Sic Notícias, Observador
