Investment from LL Funds and CBC Companies Will Bolster the Launch of Company’s Machine Learning Technology in the Financial Fraud and Credit Risk Markets

November 8, 2021

Bala Cynwyd, PA  – Guardinex Inc., a creator of Machine Learning technology to prevent Identity Fraud, today announced it has completed a $5M Series A Funding Round. The company received $4Million of funding from LL Funds, LLC., an investment management firm based in Philadelphia, PA and $1Million from an affiliate of CBC Companies based in Columbus, Ohio.

With financial transactions moving to digital channels at an ever increasing pace, the risk associated with Identity Fraud has increased significantly. Annual fraud losses in 2019 exceeded $17 Billion and it impacts both businesses and government entities. Real time predictive risk solutions that can help businesses manage this risk will be critical to keep pace with the consumer’s needs in a rapidly changing digital world. Identity fraud has also been on the rise thanks to multiple security breaches that have placed consumer’s personally identifiable information in the hands of Fraudsters.

Guardinex uses a unique patented Machine Learning technology to leverage customer breach data from the dark web, augmented by other data sources that anticipate fraudsters’ tactics, to predict Stolen Identity Risk. Our unique real time risk scoring techniques have been shown to predict a variety of risks that stem from Identity Theft. Guardinex plans to use the newly secured funding from Series A round to enhance its cloud based infrastructure, complete enhancements to current products, launch new products and add key talent in product, engineering and analytics.

About Guardinex, Inc.

Guardinex was founded by Aravind Immaneni, previously Global Head of Operations and Fraud Prevention at Citi, and a financial services veteran with extensive experience in banking operations, technology, and fraud prevention. Guardinex creates products that protect businesses and their customers from Identity Fraud by continuously evolving capabilities to keep pace with current and emerging threats.

About LL Funds, LLC

Founded in 2009, LL Funds is an independent investment manager focused on opportunistic investments in asset-backed securities (ABS), structured and specialty finance. LL Funds manages over $2 billion for institutional and individual investors. Raj Mundy, a partner of LL Funds will join Guardinex’s Board.

About CBC Companies

Founded in 1948, CBC Companies consists of businesses that primarily serve the mortgage and lending industries. The business is headquartered in Columbus, Ohio, with operating entities including Factual Data, DataVerify, Byte Software, Innovis, and AmRent operating across the United States. CBC’s portfolio of companies boasts data repositories spanning the mortgage and credit markets in addition to hundreds of proprietary integrations across the broader credit ecosystem.

Contacts
Aravind Immaneni

Guardinex, Inc.
aravind@guardinex.com
https://www.guardinex.com/