Fintech startup Feedzai valued at $1 billion in KKR-led funding round

FILE PHOTO: Feedzai, a fraud detection system that incorporates machine learning models, displays on the exhibit hall floor during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus/File Photo

LONDON (Reuters) - Financial technology group Feedzai said on Wednesday it had raised $200 million in a round led by investment company KKR valuing the startup at more than $1 billion.

Existing investors, including Sapphire Ventures and Citi Ventures, also participated in the round, the San Mateo, California-headquartered company said.