NetGuardians SA

Based in Switzerland, NetGuardians SA delivers advanced solutions for real-time financial fraud detection and prevention, uniquely utilizing artificial intelligence to safeguard clients against scams and fraudulent activities. NetGuardians SA specializes in fraud detection solutions for financial institutions. Founded in 2007 in Yverdon-les-Bains, Switzerland, the company has undergone strategic pivots and was recently acquired by Summa Equity in September 2024 from ACE & Company and Pictet Group. The founders, Joël Winteregg and Raffael Maio, have established a strong foundation for the company, with Joël Winteregg currently serving as CEO.

NetGuardians has successfully completed a total of 5 deals and raised CHF 17. 000 mn in funding, primarily from the latest round. NetGuardians offers advanced SaaS solutions focused on real-time financial fraud detection and prevention, powered by artificial intelligence. Their main product is a payment fraud prevention solution designed to combat scams and protect customers from fraudulent activities such as account takeovers and social engineering scams.

The company's innovative approach includes AI risk models for various use cases, including anti-money laundering (AML) transaction monitoring and internal fraud cases. Their solutions serve a diverse global client base, particularly in private banking and wealth management, with notable markets including Switzerland, Eastern Africa, Southeast Asia, and various regions in Europe. NetGuardians operates on a subscription-based revenue model, providing clients with continuous access to their fraud detection and prevention technologies. Clients engage through various partnership arrangements, ensuring seamless integration of NetGuardians' solutions into existing banking systems.

This model allows financial institutions to benefit from ongoing updates and enhancements to the AI algorithms. Pricing plans depend on the scope of services utilized, including community scoring, internal fraud monitoring, and AML transaction monitoring, with the company's flagship solutions contributing significantly to its revenue as institutions prioritize fraud prevention. In September 2024, NetGuardians SA was acquired by Summa Equity, enhancing its fraud prevention and anti-money laundering service capabilities. The company plans to launch new products and expand into additional markets, leveraging the recent funding of CHF 17.

000 mn to support these initiatives. Specific targeted regions for expansion include emerging markets in Africa and Asia, with a focus on developing new AI-driven solutions to further strengthen their offerings by the end of 2025.