Funding

Prelude funding news – Paris-based Prelude has Raised €7.6 Million in Seed Funding

Nov 14, 2024 | By Kailee Rainse

Prelude funding news - Paris-based Prelude has Raised €7.6 Million in Seed Funding

Prelude, a startup offering fraud-resistant SMS verification, has raised €7.6 million in seed funding. Led by Singular and Seedcamp, the funding will help Prelude expand in Europe and North America and improve its platform for mobile-first onboarding services.

SUMMARY

  • Prelude, a startup offering fraud-resistant SMS verification, has raised €7.6 million in seed funding.
  • Prelude was founded in 2022 by Matias Berny and Quentin Le Bras, who were inspired by their experiences at Zenly, a location-based social network acquired by Snap Inc.

Matias Berny, Founder and CEO of Prelude said: “We’re determined to tackle SMS fraud at its core and use our experience to go beyond SMS verification. Onboarding conversion is one of the toughest challenges in driving growth, and that’s the problem we aim to solve for our customers. We’re building new services to help them master user onboarding, trust, and retention.”

It’s technology protects over 100 million accounts across 230 regions and serves clients in sectors like finance, retail, social services, and food tech. One of their clients is Sunday, a global payment solution for restaurants.

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Arnaud Lemaire, CTO of Sunday said, “Operating across Europe and North America with international customers, we needed a solution that could keep up with our global reach while maintaining competitive prices—our previous provider fell short. With Prelude, we’ve completely transformed our messaging strategy. Now, we send OTPs worldwide effortlessly, with full visibility into deliverability and conversion rates. Plus, their responsive support team is always ready to help, ensuring we stay on track,”.

What’s next?

The new funding will help it expand its services beyond one-time password (OTP) verification and enhance its mobile-first onboarding tools. The company’s goal is to help businesses make user verification, onboarding, and engagement simpler and more efficient.

About Prelude

Prelude was founded in 2022 by Matias Berny and Quentin Le Bras, who were inspired by their experiences at Zenly, a location-based social network acquired by Snap Inc.

Prelude is improving SMS verification and mobile onboarding with easy-to-use APIs that developers will appreciate. The company is focused on providing more reliable fraud detection, better transparency, and increased reliability—at a more affordable price.

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