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Sardinex

“Can a single agentic risk platform automate fraud detection, AML, and compliance operations end-to-end for every layer of the financial stack?”

Founded2020
HQSan Francisco, CA (listed also as Miami, FL on Crunchbase)
FoundersSoups Ranjan
Total raised$145M
Latest roundSeries C, 2025
IndustryInfrastructure / KYC

The story

Founded in 2020, Sardine AI started as a device intelligence and behavior biometrics platform targeting fraud in crypto and fintech. Over time it expanded into a full agentic risk platform covering fraud, AML, and compliance automation, selling to fintechs, neobanks, and payments companies. The launch of Sardinex marks a productized fraud-detection offering aimed specifically at the payment fraud market. The 2026 Modulr partnership signals Sardine's move to embed its fraud and AML stack directly into payment infrastructure providers.

Last 12 months

2025

Sardine AI raised $70M Series C led by Activant Capital, with participation from a16z, GV, Nyca Partners, Experian Ventures, and Moody's Analytics; ARR grew 130% YoY.

2026-04

Sardine launched Sardinex to curb payment fraud, as reported by IBS Intelligence.

2026-04-29

Sardine partnered with Modulr to bring real-time, AI-enabled fraud detection and AML to automated payments, integrated into Modulr's Risk & Compliance Hub.

Product timeline

2020

Sardine AI founded as a fraud prevention and compliance software platform for the digital economy.· pivot

2025

Closed $70M Series C led by Activant Capital; grew customer base nearly 2x and ARR 130% YoY.· banking

2026

Launched Sardinex, a dedicated product to curb payment fraud across financial institutions.· pivot

2026

Partnered with Modulr to provide real-time AI-enabled fraud detection and AML for automated payments, integrated into Modulr's Risk & Compliance Hub.· acquisition

Same company

Sardinex was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.

Sardine3 layers →

The stack

1 layer disclosed in Sardinex’s embedded-finance stack

Fraud

Sardine

Accounting gap: none

Sardinex — frequently asked

What fraud prevention does Sardinex use?

Sardinex uses Sardine for fraud prevention.

Who founded Sardinex?

Sardinex was founded by Soups Ranjan and is founded in 2020, headquartered in San Francisco, CA (listed also as Miami, FL on Crunchbase).

How much funding has Sardinex raised?

Sardinex has raised $145M in total (latest round: Series C, 2025).

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