Meelo provides a risk and fraud detection solution that utilizes Open Data, Artificial Intelligence, and Open Banking to verify customer identities and assess creditworthiness in real-time. By analyzing financial behavior, the platform helps businesses reduce fraudulent activities and improve decision-making efficiency, enabling safer transactions and increased access to financing.
Funding
$3.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face increasing fraud attempts, with a significant percentage of companies reporting fraud incidents annually. Traditional methods of assessing risk and verifying customer identities often rely on limited data, leading to inaccurate risk assessments and potential financial losses. This results in businesses needing more comprehensive solutions to mitigate fraud and ensure safer transactions.
Solution
Meelo offers a SaaS platform that leverages Open Data, AI, and Open Banking to provide real-time risk and fraud detection. The platform analyzes financial behavior and verifies the authenticity of customer-provided documents to assess creditworthiness and detect fraudulent activities. By providing a more complete view of a client's financial profile, Meelo enables businesses to make informed decisions, reduce fraudulent transactions, and improve access to financing for legitimate customers. The solution facilitates secure and streamlined customer onboarding while adhering to RGPD guidelines.
Target Audience
Meelo primarily targets businesses in sectors such as insurance, retail, credit institutions, and auto and BTP rental companies, which require robust fraud prevention and risk assessment solutions.
Features
- Real-time identity verification using Open Data sources
- AI-powered fraud detection algorithms that analyze financial behavior
- Open Banking integration for direct access to customer financial data
- Document analysis to verify the authenticity of submitted documents
- Risk scoring to assess the creditworthiness of individuals and businesses
- Decision support portal for efficient risk assessment and fraud prevention
- RetailSafe solution tailored for retail businesses