PayPal joins $17.5 million round in Simility

Source: Simility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth.

In a very short time, Simility has come to be recognized as a thought leader in fraud and risk management. Our customers, who span the spectrum from top fintech innovators to Global Fortune 500 institutions, have validated this view by partnering with us to solve extremely hard problems. Accel again led our funding round and PayPal, the best-known fraud management experts, came on board as a strategic investor. Other fraud and risk experts we’ve added to our team include Google, FICO, Cisco, Amazon, and RSA.

We’re excited about the road ahead now that we’re expanded our presence by putting local teams in Europe and LatAm, rounding out our North American and Asian presence. Our customers are all over the world, and we’re glad to now have teams close to every one of them. We also plan to significantly staff up our sales and data science teams.
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