nSure.ai provides an AI-driven Fraud Prevention Intelligence system that continuously evolves with the threat landscape. The platform is purpose-built for virtual goods and aims to guarantee that legitimate transactions are approved while keeping fraudulent charges out. It covers gift cards, gaming, crypto, NFTs, financial services, airline tickets and other virtual goods. Led by co-founders Alex Zeltcer (CEO) and Isaiah (CTO), the company emphasizes anti-fraud and chargeback-free guarantees. With the new funding, nSure.ai plans to extend its anti-fraud, chargeback-free guarantees and meet demand from sectors lacking sufficient fraud prevention systems. The company is based in Tel Aviv, Israel. nSure AI offers a predictive AI and deep-learning risk engine that detects fraud for high-risk digital goods such as electronic gift cards, airline tickets, software and games. Unlike many tools that analyze individual transactions with rules, its platform uses deep learning to more accurately identify fraudulent purchases. The company currently has 16 employees and monitors and manages millions of transactions every month; since going live in 2019 it has approved close to $1 billion in volume. nSure AI reports a 98% approval rating on average versus an industry average of 80% and will accept liability for any fraudulent transaction allowed by its platform. The new funding is intended to bolster its predictive AI and machine-learning algorithms and to register thousands of new merchants. Founders Alex Zeltcer and Ziv Isaiah built the product after experiencing high fraud rates in their own online gift card business.

Total raised

$25M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2022