AWS Startups Blog

Tag: FinTech

SEON: Anti-fraud Solutions that Scale like a Startup

Originally starting out as a crypto exchange for the Central-Eastern-European region, Budap were soon facing waves of chargebacks that threatened the business. Unfortunately, by looking around the market we found most legacy companies operating in the risk tech space lacking. They were either prohibitively expensive for an upstart, requiring a long term commitment upfront or the integration process was to be slow and painful, and they often relied on stale data for risk scoring that was not appropriate for certain target markets. SEON was essentially founded to tackle all of these problems.

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CloudZero Helps Companies Optimize Their AWS Spending

CloudZero is a Boston-based cost intelligence platform that helps companies determine how best to invest in their cloud infrastructure. Founded in 2016, the startup uses machine learning to produce up-to-date cost insights, allowing engineers to make informed decisions in real-time when launching new products and features. With such a business, it makes sense that CloudZero has been closely tied in with AWS since the startup was founded.

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Serverless Architecture Powers MONEI’s Fast, Secure, and Scalable Digital Payment Solutions

Based in Spain, fintech startup MONEI was founded in 2019 and recently won AWS’s Startup Architecture Challenge: Iberia, which comes with a prize of $25,000 in AWS credits. In its winning submission, MONEI’s CTO Dmitriy Nevzorov highlighted how building a 100% serverless architecture using AWS formed a central part of the company’s strategy, allowing it to focus on reliability and scalability and provide low-cost solutions to its customers.

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येLo (Yelo Bank): Using AWS to Provide Financial Solutions for the ‘Next Half Billion’

येLo (Yelo Bank), which was founded in 2019 and started building its banking platform in January 2020, recently won AWS’s Startup Architecture Challenge program in India, which comes with a prize of $25,000 in AWS credits. In its winning submission, येLo co-founder and CTO Nishant Chandra highlighted how building the neo-banking stack using AWS gave the startup a simple, elegant, and secure architecture.

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