Sardine Secures $25 Million Series C Extension Led by National Bank…

Team S · 2026-05-21T14:46:57.000Z

San Francisco-based fraud prevention and compliance startup Sardine has secured a $25 million Series C extension led by NAventures, the venture capital arm of National Bank of Canada. The investment brings Sardine’s total funding to approximately $170 million as the company accelerates expansion of its AI-powered financial crime prevention platform. Founded by Soups Ranjan, Sardine provides fraud detection, compliance, anti-money laundering (AML), and risk management infrastructure for banks, fintechs, crypto platforms, and digital commerce companies. The company’s platform combines device intelligence, behavioral analytics, AI-driven risk scoring, and transaction monitoring to help institutions combat financial crime in real time. Alongside the funding, National Bank of Canada announced a multi-year strategic partnership with Sardine to deploy the company’s fraud prevention systems across its retail, commercial, and wealth management operations. According to the bank, Sardine demonstrated stronger fraud detection performance and lower false positives during internal evaluations. Sardine stated that the fresh capital will support product development, AI infrastructure expansion, and scaling of enterprise financial crime prevention capabilities as fraud threats continue evolving across digital banking and fintech ecosystems. The company is increasingly positioning itself as a core infrastructure layer for AI-native risk and compliance operations. The funding highlights growing investor interest in AI-powered fraud prevention, identity verification, AML automation, and financial risk infrastructure as financial institutions modernize digital banking security systems globally.

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Sardine Secures $25 Million Series C Extension Led by National Bank… | Newnex