Business
FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire
Global Banking & Finance Review®
Company
FinCrime prevention technology expert, SEON, has added considerable expertise to its ranks with the hire of new Chief Revenue Officer (CRO), Matt DeLauro. Matt will help the company as it works to prevent more online financial crime globally, leveraging his previous experience as CRO and General Man...
FinCrime prevention technology expert, SEON, has added considerable expertise to its ranks with the hire of new Chief Revenue Officer (CRO), Matt DeLauro. Matt will help the company as it works to prevent more online financial crime globally, leveraging his previous experience as CRO and General Manager of Extend.
Matt DeLauro
Building from its acquisition of anti-money laundering (AML) specialist company, Complytron, SEON has announced the hire of Matt DeLauro as the company’s new CRO. The hire, which represents the culmination of a six-month process, forms part of the company’s plans to continue investing in its operations across North America, as well as its sustained expansion globally. In his new role, Matt will work primarily out of the company’s rapidly expanding office in the US technology hub of Austin, Texas.
A seasoned industry expert, this is Matt’s third appointment as a SaaS CRO. Most recently, he was the CRO and General Manager at Extend, leading the business’ expansion from its Series A round, all the way through to Series C. During that time, Matt built the companies’ go-to-market strategy from the ground up. Matt’s leadership established Extend as the category leader and enabled explosive growth, from 30 employees and less than $5m USD in revenue to 500 employees and revenues in excess of $100m USD in less than two years.
In hiring Matt, SEON has reaffirmed its commitment to its continued growth within the United States. Since 2022, the company has operated an office in one of the nation’s fastest-growing tech hubs of Austin. In that period, SEON’s US team has grown and now accounts for more than ten people, with the company looking to further grow that number in the coming months. Additionally, SEON now also serves notable US clients, including Patreon and global clients like Revolut.
Matt will help SEON align to the evolving fraud prevention needs across a number of industries, including Banking and Payments, BNPL and Online Lending, iGaming and Casinos, Securities Exchanges, Travel & Hospitality, E-commerce and many more. Matt will be working closely with the company’s existing investors, acting as a company ambassador, and representing SEON as an authority and educator on evolving fraud within the industry. Moving forward, SEON’s Sales, Business Development, Customer Success, Support, and Revenue Operations functions will now report directly to Matt.
Speaking on his appointment, Matt DeLauro commented: “I’m excited to join SEON as it continues to tackle international FinCrime head on. I’m ready to guide the business as it presses along its path from high-growth startup to becoming the category leading financial crime and digital fraud prevention platform. Both in the United States and globally, the company is primed for a transformative year in 2023 and I’m excited to be part of SEON’s move to stop fraud at the source.”
Bence Jendruszak, SEON’s co-founder and Chief Operating Officer commented: “As businesses scale it’s important to add experienced hires, which is what we’ve achieved with Matt. His wealth of experience as a CRO made him the perfect exec for us, and he now joins our incredibly knowledgeable C-suite. I’m looking forward to working with him closely as we continue to grow our operations.”
Matt’s hire caps off a busy opening quarter for SEON. Since the beginning of 2023, the company has already announced the acquisition of AML business, Complytron as part of its efforts to tackle the growing threat of financial crime. To date, the company has prevented over €160 billion in fraudulent activities and has earned the trust of more than 5,000 companies. On account of this performance, the company’s two co-founders, Tamas
and Bence Jendruszak were recently named in the prestigious Forbes ’30 under 30 Europe’ list.
For more information about SEON, please visit:https://seon.io/
About SEON
SEON is a global company that aims to prevent financial crime by detecting and stopping fraud earlier and quicker in the customer journey. Our comprehensive fraud prevention solution includes Anti-Money Laundering and leverage machine learning to identify emerging fraud threats. SEON has prevented over €160 billion in fraudulent activities and has earned the trust of more than 5,000 companies. We offer a 14-day free trial and usage-based pricing model to try our service. We raised $94 million in Series B funding, and operate globally from Austin, London, Budapest, and Singapore to make the world safer.
Financial crime refers to illegal activities that result in financial loss, such as fraud, money laundering, and embezzlement.
Anti-money laundering (AML) refers to laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate.
A Chief Revenue Officer (CRO) is an executive responsible for all revenue-generating processes in a company, focusing on sales strategy and growth.
A SaaS (Software as a Service) company provides software applications over the internet, allowing users to access services without needing to install them locally.
A go-to-market strategy outlines how a company will sell its products or services to customers, including marketing and sales tactics.
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