Ethoca operates a collaboration platform—the Ethoca Network—and services such as Ethoca Alerts that enable real-time sharing of fraud and dispute intelligence between card issuers and merchants. Ethoca Alerts provides early warnings on confirmed fraud and disputes, allowing merchants to stop fraud, halt deliveries, and issue refunds to avoid chargebacks. The company says it more than tripled revenue in 2014 and has rapidly expanded participation, including seven of the top ten ecommerce merchants, major digital goods brands, more than 80,000 enrolled merchant descriptors, 30 card issuers worldwide and over 2,100 ecommerce businesses. Ethoca reports relationships that add more than 500 U.S. credit unions and lists top issuers across the U.S., EMEA, Canada, South Africa and Australia. Management plans continued global expansion into Germany, Spain, Portugal, Turkey, China, Southeast Asia, New Zealand, South Africa, Brazil and Mexico in 2015 and 2016 and to deliver new collaboration-based services. The company positions its offerings as a faster, lower-cost alternative to chargebacks that increases acceptance, recovers fraud losses and improves customer satisfaction.

Total raised

$45M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2015