Sardine is a fraud, identity, and payments infrastructure platform for fintech and crypto companies.
For all of the disruption of global finance, fraud remains the industry's dirty little secret. High fraud rates are the root of slow and expensive digital payments, especially in the B2B world - which has a staggering $125 trillion of payment flows, most of them offline.
While the adoption of cards has been helpful in digitizing the B2B space, they remain expensive and only work for larger transactions. ACH is low cost and works for large volumes, but takes days rather than seconds. The reason the former is expensive and the latter is again, due to fraud.
Sardine is the only solution in the market that combines fraud, identity, and payments in a single platform to unlock instant, trusted payments at scale. Their fraud and compliance platform lets fintech players and consumers confidently move money quickly. Their product allows platforms to protect account opening, account funding and payouts, and payment flows with a single API.
We invested in Sardine's Series B in September 2022.
$ 52 MM
XYZ Venture Capital