Fero Payment Science provides a payments method system and solutions that analyze individual shopper behavior to predict the likelihood of purchase completion. Its technology applies segmentation, multi-classification prediction and reinforcement learning to learn shoppers’ purchase preferences and deliver optimized payment experiences. The product can deliver individually customized payment methods and tailor subsequent payment journeys, including reducing friction from 3D secure authentication challenges. The company is co-founded by Craig Savage and Maximilian van Boxel and is based in Amsterdam, the Netherlands. Fero intends to use its recently raised funds to build out its team across Europe and the US and further enhance product offerings to serve more retailers globally. Financially, the company completed a $3M Seed raise from institutional backers.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023