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Scamnetic announced a $13 million Series A in 2025, led by Roo Capital, and said the round brought its total investment to $16 million. The company said it would use the funding to expand marketing, sales, and customer support and accelerate product development. The announcement describes a company building scam-detection and verification services; it does not establish how accurately those services detect scams or how much money they have saved customers.
What Scamnetic said the funding will support
Scamnetic announced the Series A, with participation from 1st and Main Growth Partners, SaaS Ventures, and Riptide Ventures. Its stated priorities were to add capacity in marketing, sales, and customer support and move its product roadmap forward. SecurityWeek reported the announcement on April 25, 2025 (SecurityWeek, April 25, 2025); the funding amount, investors, and planned uses were also described in Scamnetic’s Series A announcement.
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Those plans indicate intended investment areas, not confirmed spending or results. The announcement does not disclose customer numbers, revenue, or measured reductions in fraud losses.
What Scamnetic’s scam-detection products do
Scamnetic launched an AI-based scam-detection product in August 2024. In its launch announcement, the company described several capabilities:
- Scan&Score: assesses incoming communications and media for potential scam indicators.
- IDeveryone: checks the identity of a communication counterparty across text, audio, or video.
- Scam Intervention: offers help to people facing a scam or recovering from one.
- Scam education: listed in the company’s 2025 funding announcement as part of its offering.
These are company descriptions of intended functionality. They should not be read as proof that the software identifies every scam, prevents every loss, or replaces a bank’s fraud controls or a consumer’s own verification steps.
PayVerify is the current name for the payment-security division
In June 2026, Scamnetic said its IDeveryone Payment Protection division had been renamed PayVerify and expanded to include pre-verification intelligence, business verification, and bank-account verification. The name change matters when comparing newer company materials with older coverage that refers to IDeveryone Payment Protection (Scamnetic’s June 2026 announcement).
Scamnetic’s PayVerify page describes use cases involving push payments, cryptocurrency, ACH and wire transfers, and checks. It also describes API integration and step-up identity checks. Those capabilities are presented by the company; independent performance results were not established in the sources reviewed for this article.
Why scam prevention matters to personal finances
The Federal Trade Commission said consumers reported losing more than $12.5 billion to fraud in 2024, a 25% increase from 2023. Of people who reported fraud, 38% said they lost money in 2024, compared with 27% in 2023. These figures come from consumer reports, not a complete count of all fraud, and they do not measure Scamnetic’s potential market or effectiveness (FTC, March 2025).
The FTC separately reported $470 million in losses from scams that began with text messages in 2024. Common reported approaches included fake package-delivery notices, job offers, bank alerts, unpaid-toll messages, and wrong-number texts (FTC, April 2025). That figure illustrates one channel for scams, rather than a measure of Scamnetic’s results.
Partnerships point to a business distribution strategy
Scamnetic has announced relationships spanning financial institutions, identity protection, and fraud-prevention infrastructure. Examples include a reseller partnership with Kasasa to embed KnowScam in SureLock for financial institutions; a licensing agreement with Sigma Loyalty Group for Canada and select international markets; an identity-protection partnership with Anonybit; and an enterprise partnership with VanishID. Scamnetic also announced in March 2026 that it was a founding cybersecurity partner in Scam.org, a platform associated with the Global Anti-Scam Alliance and OpenAI.
These announcements suggest routes to distribute products through other organizations. They do not, by themselves, establish how many people use the products, how much revenue the partnerships generate, or whether scam losses have fallen. The relationships were announced by Scamnetic and are described in its releases: Kasasa, Sigma Loyalty Group, Anonybit, VanishID, and Scam.org.
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The Series A is evidence that Scamnetic secured new investment and plans to expand its operations and product development. It is not an independent evaluation of the service. The materials cited here do not establish real-world detection accuracy, false-positive rates, or prevented-loss outcomes. They also do not establish current consumer pricing, geographic availability, or whether every feature from the 2024 launch remains available under its original name.
For consumers considering any scam-detection service, useful questions include what kinds of messages or payments it can assess, what personal data it needs, whether it works with the relevant bank or payment method, and what steps it recommends when a warning appears. For banks and businesses, integration and verification coverage matter, but claimed capabilities should be distinguished from independently measured results.
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