Startup profile · funding coverage
Sardine funding, valuation and investors
AI-powered fraud prevention and compliance platform for fintech and crypto.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C extension
$25M · 2026
Latest known valuation
$660M
Series C · February 2025
Total disclosed equity funding
$95M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · San Francisco, California
Overview
Sardine provides fraud prevention, KYC, and compliance infrastructure for fintech, crypto, and banking customers. The platform uses device intelligence, behavioral biometrics, and ML to detect account takeover, synthetic fraud, and money laundering during onboarding and transactions. Founded by Soups Ranjan (ex-Coinbase, Revolut), Sardine raised $70M Series C in February 2025 at $660M valuation led by Activant Capital, with a16z participating. A $25M extension in 2026 led by National Bank of Canada brought total funding to roughly $170M.
Why Sardine is interesting
Sardine combines device intelligence and behavioral AI for onboarding fraud — National Bank of Canada led a 2026 extension as agentic fraud detection scales in production.
Product & use cases
Sardine's API scores onboarding sessions, device fingerprints, and transaction patterns to block fraud — covering KYC, AML, chargeback prevention, and crypto-specific risk signals.
- Fintech onboarding fraud and synthetic identity detection
- Crypto exchange KYC and transaction monitoring
- Bank account opening fraud prevention
- Agentic AI workflow fraud controls (2026 extension focus)
Key facts
- Series C extension (2026): $25M led by National Bank of Canada — VCT blog
- Series C (Feb 2025): $70M at $660M led by Activant; a16z participated — BusinessWire
- Total funding ~$170M per 2026 reporting
- Founder Soups Ranjan: ex-Coinbase director of data science, Revolut US CEO
Funding history (newest first)
Series C extension
2026 $25M- National Bank of Canada (lead)
- Andreessen Horowitz (participant)
Source: https://venturecapitaltracker.com/blog/2026-sardine-25m-series-c-extension-fraud-ai
Series C
2025-02 $70M Valuation: $660M- Activant Capital (lead)
- Andreessen Horowitz (participant)
Source: https://www.businesswire.com/news/home/20250212000000/en/
Investors in our directory
Funds linked from Sardine's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Unified fraud + compliance stack built by ex-Coinbase/Revolut operators who saw gaps in point-solution vendors.
Fraud AI is consolidating as fintech and crypto customers want fewer vendors. Sardine competes with Socure on identity and Sift on transaction fraud. a16z participation and 2026 bank-led extension signal enterprise traction.
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Sift direct
Digital fraud prevention for ecommerce and fintech; broader merchant focus.
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Socure direct
Identity verification and synthetic fraud leader for financial services.
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SentiLink direct
Synthetic identity fraud API; narrower identity focus vs Sardine's full stack.
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Alloy adjacent
Identity decisioning platform orchestrating multiple data vendors.
Notable stories
- Ranjan founded Sardine after seeing crypto and fintech onboarding fraud outpace legacy vendor capabilities at Coinbase and Revolut.
- National Bank of Canada's 2026 extension signals traditional banks adopting Sardine's agentic fraud AI after live deployment.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Sardine's financing or category context.
FAQs about Sardine
Practical answers founders, operators, and investors typically search for.
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