Meet the fraud-buster that Revolut, Wise and Sorare trust - Deepstash
Deep Dive Into The Fashion Industry

Learn more about crypto with this collection

The history of fashion

The impact of fashion on society

The future of the fashion industry

Deep Dive Into The Fashion Industry

Discover 34 similar ideas in

It takes just

13 mins to read

‘Crazy’ growth

University friends Kadar and Jendruszak began developing what would become Seon while working on a crypto exchange venture in 2015 that was targeted by a slew of fake accounts.

To stop these attacks, they built their own solution to detect false accounts and quash fraudulent transactions. That became Seon, which they launched in 2017. 

“For the past couple of years we’ve tripled our revenue year-on-year, and have been onboarding new clients and expanding like crazy into new markets,” says Jendruszak.

In the next 12 months, Seon plans to increase its headcount by 150 people in total, doubling its teams in London and Jakarta, adding another 80 to 90 people in its founding location Budapest, and doubling its team in the US.


17 reads

Making it in America

While the US might be their main target for now, gaining market share in US fraud prevention is no easy task. More established competitors in the market include $4.5bn Socure as well as Ravelin, Sift and Riskified.

Seon believes it can compete because it’s already conquered the more varied regulatory landscape of Europe — which Kadar says US rivals are struggling to tackle. 

Jendruszak won’t confirm specific acquisition targets, but is keen to explain that they will be instrumental to the company’s plans to move beyond know-your-customer (KYC).

The company is plotting a move into anti-money laundering products on the consumer side, sanction checking, politically exposed person checking, and is also evaluating how it can begin offering risk analysis and even digital footprinting products to evaluate businesses as well as consumers. 


10 reads

As easy as pressing play…

Seon operates on a usage-based pricing model, foregoing integration fees and instead charging customers each month based on how many transactions they make. 

It uses machine learning to track data points that clients can customise according to their trouble areas.


12 reads

Or is it?

Experts have previously told Sifted that there are still multiple ways of undermining the processes that APIs like Seon’s provide. When run online, every single layer of the value chain can be exploited. This means Seon will be stuck in its own game of cat and mouse with fraudsters, too.

Kadar acknowledges that this is the inherent, constant battle. “In the case of reported false negatives or positives, the client can inform us via an API or manually,” he says. “We then retrain the algorithm based on this feedback, to cover new patterns and improve on the algorithm.”


10 reads



building @tellimer. #engineering, #machinelearning and #crypto

Ready for the next level?

Read Like a Pro


Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas


Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.


2 Million Stashers


5,740 Reviews

App Store


72,690 Reviews

Google Play


Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations


Claim Your Limited Offer

Get Deepstash Pro

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates