Finovox

Finovox

Financial Innovation and Excellence. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m2.5m
% growth-203 %
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DateInvestorsAmountRound
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N/A

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*

€1.9m

Seed
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€4.0m

Series A
Total Funding€5.9m

Recent News about Finovox

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More about Finovoxinfo icon
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Finovox is a French startup that provides a software solution for detecting fraudulent documents. The company's technology allows businesses to instantly analyze and verify the authenticity of all received documents, reducing the risk of document fraud by up to six times. Finovox's software can analyze all types of documents in any language and format, including invoices, IDs, certificates, and more.

The company's software uses advanced machine learning algorithms to identify falsifications in documents, highlighting the falsified areas for further investigation. This allows businesses to understand the nature and method of the fraud, providing tangible evidence of any fraudulent activity.

Finovox's software is designed to save businesses both time and money. The average processing time for a document is just five seconds, freeing up staff to focus on managing fraud rather than detecting it. The company's software also reduces the financial impact of fraud, with businesses typically seeing a six-fold reduction in the amount defrauded.

Finovox operates in the financial technology market, serving clients who are at risk of document fraud. These could include banks, insurance companies, and other businesses that handle large volumes of documents. The company's business model is likely based on a subscription or usage-based fee, providing a steady stream of revenue while also offering value to clients by reducing their exposure to fraud.

Keywords: Finovox, Fraud Detection, Document Verification, Machine Learning, Financial Technology, Risk Management, Time Saving, Cost Reduction, Fraud Management, Document Analysis.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.