FinCrime prevention technology specialist, SEON, has bolstered its team with the addition of a new Chief Revenue Officer (CRO), Matt DeLauro. This strategic hiring aims to enhance SEON‘s efforts in combating online financial crime globally, drawing from Matt’s extensive experience as a CRO and General Manager at Extend.
Expanding in the US with a New CRO
Building on its acquisition of anti-money laundering (AML) expert, Complytron, SEON has introduced Matt DeLauro as their new CRO. This appointment signifies the culmination of a six-month process and is part of the company’s ongoing commitment to invest in its North American operations and expand its global footprint. Matt will primarily operate from SEON’s rapidly growing office located in the US technology hub of Austin, Texas.
A Seasoned Expert in SaaS Leadership
Matt DeLauro brings a wealth of expertise to SEON, having previously served as a CRO and General Manager at Extend. Under his leadership, Extend experienced substantial growth, expanding from a Series A round to Series C. He played a pivotal role in crafting the company’s go-to-market strategy, establishing Extend as a category leader and achieving remarkable growth, taking the company from 30 employees and less than $5 million USD in revenue to 500 employees with revenues exceeding $100 million USD in under two years.
Reaffirming Commitment to US Growth
SEON’s appointment of Matt DeLauro underlines its dedication to continued expansion within the United States. Since 2022, SEON has maintained an office in Austin, a rapidly developing tech hub. During this time, its US team has grown to more than ten members, with further plans for expansion in the near future. SEON also counts prominent US clients among its portfolio, including Patreon and global clients such as Revolut.
Matt’s role at SEON will involve aligning the company with the evolving needs for fraud prevention across various industries, including Banking and Payments, Buy Now, Pay Later (BNPL) and Online Lending, iGaming and Casinos, Securities Exchanges, Travel & Hospitality, E-commerce, and more. He will collaborate closely with the company’s existing investors, serving as a company ambassador and as an authority and educator in addressing evolving fraud in the industry. Going forward, SEON’s Sales, Business Development, Customer Success, Support, and Revenue Operations functions will report directly to Matt.
Matt DeLauro’s Perspective
Matt DeLauro expressed his enthusiasm regarding his new role, stating, “I’m excited to join SEON as it continues to confront international FinCrime head on. I’m ready to guide the business as it progresses from a high-growth startup to becoming the category leader in financial crime and digital fraud prevention. In the United States and globally, the company is poised for a transformative year in 2023, and I’m thrilled to be part of SEON’s efforts to stop fraud at the source.”
Words from SEON’s COO
Bence Jendruszak, SEON’s co-founder and Chief Operating Officer, commented on the appointment: “As businesses scale, it’s essential to add experienced hires, and that’s exactly what we’ve accomplished with Matt. His extensive experience as a CRO made him the perfect executive for us, and he now joins our incredibly knowledgeable C-suite. I’m looking forward to working closely with him as we continue to expand our operations.”
SEON’s Active Start in 2023
Matt’s hiring comes on the heels of a busy start to the year for SEON. Since the beginning of 2023, the company has already announced the acquisition of AML company, Complytron, as part of its ongoing efforts to combat the escalating threat of financial crime. SEON has a remarkable track record of preventing over €160 billion in fraudulent activities and has gained the trust of more than 5,000 companies. This performance has earned recognition for the company’s co-founders, Tamas and Bence Jendruszak, who were recently featured in Forbes’ prestigious ’30 under 30 Europe’ list.
About SEON
SEON is a global company dedicated to preventing financial crime by identifying and halting fraud at earlier stages of the customer journey. Their comprehensive fraud prevention solution includes Anti-Money Laundering and leverages machine learning to detect emerging fraud threats. To date, SEON has prevented over €160 billion in fraudulent activities and has garnered the trust of more than 5,000 companies. They offer a 14-day free trial and a usage-based pricing model to evaluate their service. With $94 million raised in Series B funding, SEON operates globally from offices in Austin, London, Budapest, and Singapore to create a safer world.
