Finovoxa French start-up specializing in the detection of false documents, today announces its Seed fundraising of 1.9 million euros.
Indeed, led by Shapr Venture, SuperCapital, successful entrepreneurs such as Jérôme Proust, founder of Glady (ex-wedoogift) and Christophe Henner, ex-president of Wikipedia and with the support of the BPI.
Facing a explosion of document fraud (+80% increase worldwide in 2020 and +86% in 2021) exceeding 40 billion euros in annual damage in France, Marc de Beaucorps, Théophile du Portal and Pierre-Alexis Gouzien have developed Finovox, a solution for detecting false documents. Applicable to any type of document (IDs, invoices, supporting documents, diplomas, etc.) without language or format constraints, their tool analyzes, detects and explains fraud by less than 5 seconds.
With its proprietary technology, the start-up offers a two-part solution :
? An API integrating into the information system of each company and allowing continuous and automatic analysis of all documents.
? A SaaS solutionanalyzing suspicious documents to provide maximum information on fraud via its investigation tools (3D views, highlighting an area, document version history, etc.).
Faced with the resurgence of fraud expected in a global context of economic tension, Finovox wants to use the funds raised to accelerate its development, both from a functional product and R&D point of view. Following recruitment a dozen expert profiles (doctors, specialized data scientists, tech marketing manager, etc.), the company aims to create the most effective and complete anti-fraud solution on the market.
Finovox is already working on obtaining ISO27001 and ISO27701 certificationsa guarantee of technical and organizational security, as well as the company’s commitment to its customers.
Marc de Beaucorps, CEO and co-founder : “The whole team is proud of this fundraising, not only with regard to the opportunities that we will be able to achieve thanks to the financing, but also for the quality and skills of our shareholders. Each investor is a real contribution to the company, both at product and market level. Having quality investors is what makes young entrepreneurs like us progress and transform an innovative project into a sector revolution! »
Vincent Bobin, Shapr Ventures: ” With Finovox, we have the pleasure of investing in a very good team and an innovative technology that addresses a deep market. We are delighted to be part of the adventure to accompany them as far as possible. »
About Finovox
Founded in 2019 by Marc de Beaucorps, Théophile du Portal and Pierre-Alexis Gouzien, three experts in anti-fraud development, the start-up Finovox has developed a simple and secure software solution capable of detecting false documents. With its technology, Finovox makes it possible to divide document fraud by 6. The start-up counts among its clients large groups such as Bouygues Telecom, but also ETIs such as iCover, neo-insurers such as Luko and Parachut or even small companies/start-ups such as Codetek, Alvysion or Goodliz.
Shapr Ventures:
Shapr Ventures is a Seed fund targeting technology startups from all sectors (except biotech) and post-income. They invest tickets ranging from 300k€ to 1M€ as main investor with a follow-up clause on the next rounds. Shapr is a startup that funds startups. Raising funds with Shapr Ventures gives access to their entire ecosystem (Shapr Talent, Shapr Founders, Shapr Community…).Why Shapr Ventures?
“Because we deeply believe in people and it’s not all about numbers.
Because we have been living your problems (search for product market fit, pivot, scaling, etc.) on a daily basis for 15 years in France and the US.
Because we have built a powerful ecosystem to achieve your wildest ambitions.
Because we will feel like co-founders rather than investors. »
Super Capital VC:
Super Capital VC was launched in January 2021 with over 200 international investors to provide funding and support to high-potential startups. Their portfolio includes more than 100 startups, in which they have invested from €50k to €300k including Even Pas Cap!, Mobile.Club and TeamOut
“We like ambitious, passionate and rigorous entrepreneurs. We mainly invest in broader digital businesses (SaaS, platforms, marketplace, DNVB, apps), both B2B and B2C, often with international potential. We also support less scalable but more mature companies to help them acquire a leading position in a niche market. »