Paygilant is a Ramat Gan, Israel-based fraud protection company for mobile payments that provides frictionless authentication and mobile fraud prevention solutions. Led by CEO Ziv Cohen, the company integrates and correlates multi-intelligence data sets—Device Indicators, Behavioral Biometrics, and Transaction Analysis—to determine fraudulent behavior. Its system runs in the background and uses machine learning for ongoing, continuous data analysis to ensure transactions are approved only for legitimate users without impacting the user. Paygilant explicitly does not rely on behavioral biometrics as the sole authentication criterion and incorporates additional fraud indicators to distinguish fraudsters from legitimate customers. In February 2019 the company raised $750K in funding, with Connecticut Innovations making an investment as part of a larger round. The company intends to use the funds to establish a Connecticut-based U.S. headquarters and to increase sales and marketing hires, product development, and implementation support efforts.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2019