# BLECKWEN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bleckwen

- Industry: Software
- Headquarters: Paris, France
- Website: www.bleckwen.ai
- Total disclosed funding: $9.5M
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 4

## About

Bleckwen is a technology company specializing in advanced fraud detection solutions, offering a powerful API platform that enhances operational efficiency and reduces customer friction for financial institutions.Founded in 2016, Bleckwen operates out of Paris, France, providing bespoke fraud detection services for financial institutions. The company has undergone strategic development to enhance its technology offerings, and has completed two funding rounds to date. The latest funding round, a Series A in October 2021, raised EUR 1.78 million led by Bpifrance along with Ring Capital and TempoCap, contributing to a total raised of EUR 1.78 million and a current valuation of EUR 5.263 million. The company is headed by CEOs David Christie and François Saulnier, who bring valuable experience to the leadership team.Bleckwen specializes in advanced fraud detection solutions through a powerful API platform designed to enhance operational efficiency while minimizing customer friction. Their core product offerings focus on bespoke fraud assessment services that leverage the expertise of a dedicated team of data scientists and fraud experts. The API integrates seamlessly into existing business operations, enabling clients to achieve rapid results without significant disruption. Bleckwen's solutions are particularly beneficial for financial institutions and credit providers, who face the challenge of residual fraud in new credit transactions. The company operates in various geographical markets, providing tailored services that address unique business challenges related to fraud risk management.In the most recent fiscal year of 2021, Bleckwen reported revenue of EUR 905,877.40, while experiencing an EBITDA loss of EUR 1,713,347.50. The company's revenue model is primarily based on subscription services for businesses seeking to enhance their fraud detection capabilities. Clients partner with Bleckwen to integrate its API solutions, allowing for efficient fraud risk management. The transaction structure typically involves ongoing service fees associated with the deployment of their technologies.In October 2021, Bleckwen raised EUR 1.78 million in Series A funding from returning investors Bpifrance, Ring Capital, and TempoCap, which will support their future product development and market expansion efforts. The company plans to launch new product features aimed at improving fraud detection capabilities and is targeting expansion into additional European markets by 2023. The recent funding will be utilized to enhance their technology and expand their client base, ensuring they remain at the forefront of fraud detection solutions.

## Funding rounds

- Series A, Oct 5, 2021, $2.1M — TempoCap, Bpifrance, Ring Capital
- Series A, Jul 17, 2019, $7.4M — TempoCap, Bpifrance, Ring Capital, INEO Capital

## Investors

- TempoCap (https://capitalatlas.ai/funds/tempocap) — Series A
- Bpifrance — Series A
- Ring Capital (https://capitalatlas.ai/funds/ring-capital) — Series A
- INEO Capital — Series A