The start-up Finovox raises 1.9 million euros to become the French leader in the detection of documentary fraud
Paris, October 18, 2022
Finovox, a French start-up specializing in the detection of false documents, today announced its seed fund raising of 1.9 million euros, led by Shapr Venture, SuperCapital, successful entrepreneurs such as Jérôme and Vanessa Proust, founder and board members of Glady (ex-wedoogift), and Christophe Henner, ex-president of Wikipedia and with the support of the BPI.
Faced with a explosion of document fraud (+80% increase in the world in 2020 and +86% in 2021 [1]) exceeding 40 billion euros in annual damage in France, Marc de Beaucorps, Théophile du Portal and Pierre-Alexis Gouzien developed Finovox, a solution for detecting false documents. Applicable to any type of document (IDs, invoices, receipts, 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-pronged solution :
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 the recruitments a dozen expert profiles (doctors, specialized data scientists, tech marketing manager, etc.), the company aims to create the most efficient and complete anti-fraud solution on the market.
Finovox is already working on Obtaining ISO27001 and ISO27701 certifications, a guarantee of technical and organizational security, as well as of the company's commitment to its customers.
Marc de Beaucorps, CEO and co-founder : “The whole team is proud of this fundraising, not only in terms of the opportunities that we will be able to achieve thanks to the financing, but also for the quality and skills of our shareholding. Each investor is a real contribution to the company, both in terms of products and markets. Having quality investors is what makes young entrepreneurs like us progress and transform an innovative project into a sector revolution! ”
Vincent Bobin, Shape Ventures: ” With Finovox, we are pleased to invest in a very good team and innovative technology that addresses a deep market. We are delighted to be part of the adventure to accompany them as far as possible. ”
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 customers large groups such as Bouygues Telecom, but also ETI such as iCover, neo-insurers such as Luko and Parachut or even small companies/start-ups such as Codetek, Alvysion or Goodliz.
Shapr Ventures is a Seed fund targeting technology startups in all sectors (except biotech) and post-income. They invest tickets ranging from €300k to €1M as the main investor with a follow-up clause on the next rounds of funding. Shapr is a startup that funds startups. Raising funds with Shapr Ventures gives access to their entire ecosystem (Shapr Talent, Shapr Founders, Shapr Community...).
“Because we deeply believe in people and it's not all about numbers.
Because we have been experiencing your problems (looking for a product market fit, pivot, scaling,...) 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 a co-founder rather than an investor.”
Super Capital VC was launched in January 2021 with over 200 international investors to provide funding and support for high-potential startups. Their portfolio includes more than 100 startups, in which they have invested from €50k to €300k, including Même Pas Cap! , Mobile.Club and TeamOut
“We love ambitious, passionate and rigorous entrepreneurs. We mainly invest in digital businesses in the broadest sense (SaaS, platforms, platforms, marketplace, DNVB, applications), 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.”
[1] Source: American Anti-Fraud Agency
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