Memcyco, a cybersecurity firm, has raised US$37 million in series A funding, bringing its total funding to US$47 million, to expand its real-time digital risk protection platform.

The oversubscribed round was led by NAventures, Pags Group, and E. León Jimenes, with existing investors Capri Ventures and Venture Guides participating.

The company’s platform aims to prevent account takeover (ATO) and impersonation scams by detecting threats before they occur, using agentless technology that provides real-time visibility during customer interactions.

Memcyco reports it has prevented over 3.5 million ATO attempts and mapped more than half a billion device identities.

The funding will support expansion into markets such as Latin America, where digital fraud rates are rising.

🔗 Source: Memcyco