Blueprint Partners announces the investment of €5 million in Sis ID by Bpifrance, Opera Tech Ventures and Aonia Ventures.
Sis ID offers the first collaborative platform designed and created by and for Financial Directors and Treasurers, to collectively address the risk of fraud in bank transfers and thus meet the challenges of the digitalization of the finance function. Launched in 2017, Sis ID acts as a community trusted third party with a network of more than 10,000 companies, allowing the control of hundreds of thousands of bank details each month.
Sis ID combines technologies and collective intelligence to secure the payment details of third parties, customers and suppliers, well beyond the company's borders.
This fundraising, which comes in a context of a sharp increase in the risks of transfer fraud, exacerbated by the health crisis and the increased use of remote working, allows Sis ID to strengthen its positioning in France and accelerate its international development – initially in the United Kingdom and Spain, two countries particularly affected by fraud.
Sis ID – which already interfaces with the main ERP, TMS and dematerialization solutions on the market – will continue its integration with all the solutions of the Purchase-to-Pay (P2P) process on the market to facilitate its deployment and use. Finally, Sis ID will strengthen the development of its platform to anticipate, detect and evolve with the new practices of fraudsters.
"In a context of accelerating digitalization, the security of banking transactions is at the heart of companies' concerns" says Laurent Sarrat, co-founder and CEO of Sis ID. "The My Sis ID platform is the result of a collaboration with CFOs and corporate treasurers to meet their business challenges and objectives. By accessing a unique, secure and shared payment database, in France and internationally, companies can effectively and collectively fight against fraud."
Growing strongly since its creation, Sis ID counts among its customers many international companies in the telecom, construction, retail, transport and services sectors. The My Sis ID platform is already able to certify its customers' banking transactions in more than 30 countries.
"The Blueprint team was crucial to the success of this operation, both in terms of the presentation of our development project and the human challenges specific to the very strong acceleration we are experiencing. Their intervention was decisive throughout the process, including during the closing phase, which was entirely dematerialized, which we carried out."
Laurent Sarrat
"Laurent Sarrat and his team have developed a very effective and easy-to-implement B2B anti-fraud solution. Their ability to sign CAC 40 accounts in 2020 speaks volumes about the quality of their platform and the relevance of their collaborative model, which is strengthened with each new client."
Marc Chancerel
