Crypto Assets anti-fraud company Vaas completes approximately $370 seed round financing.

PANews, August 28 - According to ScInova, Brazilian cryptocurrency anti-fraud company Vaas has completed a seed round financing of 20 million reais (approximately 370 USD), led by Headline Asia, with participation from ABSeed Ventures and Honey Island Capital. The funds will be used to expand its sales department and accelerate the development of artificial intelligence solutions focused on anti-fraud. According to reports, Vaas is a Brazilian startup focused on developing technology to combat financial fraud, primarily concentrating on Crypto Assets trading and extending its services to fight scams related to Pix. It utilizes artificial intelligence to analyze the complete transaction history of cryptocurrency wallets to detect suspicious or abnormal activities. In October 2023, it was reported that Vaas completed approximately $2 million in Pre-Seed funding, led by ABSeed.