Originally starting out as a crypto exchange for the Central-Eastern-European region, Budap were soon facing waves of chargebacks that threatened the business. Unfortunately, by looking around the market we found most legacy companies operating in the risk tech space lacking. They were either prohibitively expensive for an upstart, requiring a long term commitment upfront or the integration process was to be slow and painful, and they often relied on stale data for risk scoring that was not appropriate for certain target markets. SEON was essentially founded to tackle all of these problems.

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