Kount provides cloud-based online and mobile fraud detection and prevention solutions for merchants, payment processors, and payment service providers. Its SaaS platform reviews billions of data points across billions of transactions and devices each year and is used by thousands of merchants including Chase Paymentech, Braintree, New Balance, Spotify and Bodybuilding.com. Kount owns proprietary technology and holds dozens of patents; its platform aims to reduce fraudulent transactions—often cutting fraud by more than 90%—while increasing revenue by accepting more valid orders and reducing chargebacks. The company’s solution reduces or eliminates manual reviews of suspicious transactions, improving customer satisfaction and operational efficiency for clients. Kount plans to use new funding to accelerate product innovation, expand its global footprint, and enhance customer support services. The company is based in Boise, Idaho.

Total raised

$80M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2015