Fido announced securing a strategic investment round from Crif.

Fido, a Milan, Italy-based startup providing a mobile app for chechink financial scores and solvencies, announced completing a strategic funding round.

The deal, which has financial details undisclosed, was made with CRIF, a Bologna-based company specializing in credit bureau and business information.

Fido, founded by CEO Marko Maras and Paolo Mardegan, developed a proprietary platform that makes it possible to assess the risk of fraud and the quality of customers through the analysis of their online behavior and the use of artificial intelligence. The company relies on the collection of a set of digital activities which users consent to share while surfing the web, which can be exploited for a number of purposes, e.g., fraud prevention, getting better offers, or getting easier access to credit.

Fido raised €1.1 million from Ithaca Investments, Orrick, Sella group and Gruppo MutuiOnline in 2020.