Memcyco, a digital risk protection platform, raised $37 million in Series A funding to expand its fraud prevention technology globally. The oversubscribed round was led by NAventures, E. León Jimenes, and PagsGroup, bringing the company’s total funding to $47 million.
The funding will support expansion of the company’s agentless platform that protects enterprises from brand impersonation scams and account takeover attacks. Existing investors Capri Ventures and Venture Guides also participated in the round.
Account takeover attacks increased 250% in 2024 and 2025, contributing to projected online payment fraud losses of $343 billion by 2027. Traditional security measures typically activate at the login stage, after deception has already begun targeting customers.
Memcyco’s technology infiltrates attack timelines to provide real-time visibility into victim and attacker behavior before credentials are stolen. The platform operates without requiring software installation by end users, positioning itself as a preemptive rather than reactive fraud defense.
“Enterprises have spent billions building fortress walls around their login pages, but attackers have moved the battlefield,” said Israel Mazin, CEO and co-founder of Memcyco. “We are shifting the paradigm from reactive takedowns to proactive, real-time disruption.”
The company reported triple year-over-year growth in annual recurring revenue and tripled its customer base. The platform has prevented more than 3.5 million account takeover attempts and mapped over half a billion device identities.
Joshuah Lebacq of NAventures said the technology delivers clear insights and prevents issues before they arise. “Memcyco provided value by delivering clear, reliable insights and preventing issues before they arise, a unique solution in the market that strengthens our suite of digital safety tools,” he said.
The funding will accelerate expansion into Latin America, where digital fraud rates are climbing. Marcos J. Jorge of E. León Jimenes noted that the region’s financial and consumer markets face sophisticated impersonation scams that traditional tools cannot detect.
