# Evina

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

- Industry: Software
- Headquarters: Versailles, France
- Website: www.evina.com
- Total disclosed funding: $19M
- Latest round: Series A (Nov 5, 2021)
- Investors on record: 6

## About

Evina SAS is a cybersecurity company focused on protecting mobile payment processes through innovative solutions that enhance transaction security and compliance for mobile network operators and merchants.Evina SAS, founded in 2017 in Versailles, France, specializes in cybersecurity for mobile payments. The company has secured two deals, with the most recent funding round being a Series A of EUR 15.00 mn raised in November 2021, led by Radian Capital. The founder, Joan Larroumec, has a history in technology ventures, contributing to the company's innovative approach. Evina has not undergone any significant business pivots or changes in strategy since its inception.Evina specializes in advanced cybersecurity solutions aimed at safeguarding mobile payment processes. Their primary offerings include DCBprotect, which focuses on detecting and blocking fraud in direct carrier billing transactions, Eyewitness, a tool for replaying user journeys to enhance transparency and compliance, and MobileMoneyProtect, designed to secure mobile money transactions against cybercriminal activities. These solutions are tailored to address specific challenges faced by mobile network operators (MNOs), merchants, and payment gateways in various markets, such as Europe, Africa, the Middle East, and Asia. Evina's technology is implemented by a diverse client base that consists of prominent telecommunications companies and digital merchants, allowing them to enhance their security protocols and optimize revenue by minimizing fraud.Evina generated revenue of EUR 53,234.50 in the most recent year, with an EBITDA of EUR 41,647.20. The company’s revenue model is built around partnerships with MNOs and digital merchants, providing a suite of cybersecurity products. Their flagship solution, DCBprotect, is expected to drive the majority of their revenue by ensuring secure direct carrier billing. The pricing structure varies based on the specific services utilized, including subscription fees for ongoing support and performance-based incentives related to transaction volumes.In November 2021, Evina SAS raised EUR 15.00 mn in Series A funding to accelerate its commercial presence outside Europe. The recent funding will support the development of new products and will enable expansion into new markets, although specific details regarding upcoming products or targeted regions for expansion have not been disclosed.

## Funding rounds

- Series A, Nov 5, 2021, $17M — 50 Partners, Radian Capital, SaaS Partners, Id4 Ventures
- Seed, Aug 27, 2020, $1.9M — 50 Partners, SaaS Partners, Id4 Ventures, Quantum Ventures, Bouygues Telecom Initiatives

## Investors

- 50 Partners (https://capitalatlas.ai/funds/50-partners) — Seed, Series A
- SaaS Partners — Seed, Series A
- Id4 Ventures (https://capitalatlas.ai/funds/id4-ventures) — Seed, Series A
- Quantum Ventures (https://capitalatlas.ai/funds/quantum-ventures) — Seed
- Bouygues Telecom Initiatives (https://capitalatlas.ai/funds/bouygues-telecom-initiatives) — Seed
- Radian Capital (https://capitalatlas.ai/funds/radian-capital) — Series A