Feedzai Acquires Demyst in $100M RiskOps Expansion
Hey FinTech Fanatic!
A new chapter is unfolding in the world of fraud prevention. Feedzai, a unicorn company known for safeguarding billions in financial transactions, has confirmed the acquisition of Australian data orchestration firm Demyst for $100 million, according to sources close to the deal.
The agreement includes Demyst’s full operations, intellectual property, and the Zonic platform — a system designed to simplify and accelerate the way financial institutions access and organize data. Feedzai plans to embed these capabilities into its RiskOps platform, aiming to streamline how banks assess risk in real time.
Founded in 2011, Feedzai has grown into a global risk management platform, helping institutions process over $6 trillion annually. With more than $274 million raised to date, its technology supports fraud detection, onboarding, and transaction monitoring — all powered by machine learning. Demyst, founded in Sydney, brings expertise in data access at critical decision points, adding depth to Feedzai’s offering.
“There is no shortage of data in our industry — the trick is how to access the right data as quickly as possible so that you can accelerate risk decisions with the fewest consumer friction points,” said Nuno Sebastiao, Feedzai CEO and co-founder.
This acquisition follows Feedzai’s earlier purchase of Revelock in 2021. With operations across ten international offices and a team of 600+, the company continues to scale its RiskOps vision — now with tighter control over both the consumption and the provision of data.
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M&A
🇺🇸 Feedzai acquires Demyst to break down data silos and accelerate risk decisions. This is part of Feedzai’s vision to unify data orchestration and risk management into a single platform, providing financial institutions with the real-time data, analytics, and trusted artificial intelligence they need to make the best possible risk decisions.
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