Riskified provides AI-powered fraud-prevention and payments solutions that operate at the intersection of merchants, banks and consumers to optimize online and omnichannel paths-to-purchase. Its machine-learning models and chargeback-guarantee approach distinguish legitimate customers from fraudsters, boost conversion rates, increase bank authorization rates, protect customer accounts, and enable alternate payment methods. The company positions its model as an alternative to scoring-based solutions by aligning incentives with merchants through guaranteed chargebacks. Customers typically see order approval rate increases up to 20% and reductions in fraud-related costs up to 50%; Riskified analyzes transactions from 235 countries and territories. The company has experienced hyper growth (250% CAGR over the past five years), with ARR surpassing $100M in 2018 and projected high double-digit growth in 2019. Riskified employs 420+ people in New York and Tel Aviv and plans to open a Shanghai office before the end of 2019; the new funding is intended to accelerate domestic and international scaling and expand its product footprint. Riskified provides an e-commerce fraud prevention solution that leverages machine learning, behavioral analytics and its broad merchant network to detect fraudulent transactions while preserving customer experience. Its platform reviews transactions for signs of fraud and has processed hundreds of millions of transactions, approving billions of dollars of merchant revenue. Customers include retailers such as Foot Locker, Simplehuman and Macy’s. The company plans to use new funding to continue technology development, grow its teams in Tel Aviv and New York, and expand into new markets. Riskified emphasizes network-driven fraud insights to give merchants a fuller picture than in-house solutions can provide. The company opened a New York office last fall and says it will accelerate market penetration and international expansion with the new capital. Riskified provides an e-commerce fraud prevention solution that leverages proprietary behavioral analytics technology and machine learning. The platform guarantees the business of hundreds of global brands across sectors including luxury fashion, retail chains, gift card and ticket marketplaces. Led by cofounder and CEO Eido Gal, the company was founded in 2013 and is based in Tel Aviv, with U.S. offices in Boston. Riskified secured $25M in a funding round that increased its total capital raised to $31M. The company intends to use the funds to further accelerate growth and customer success. Riskified provides e-commerce companies with a proprietary risk enablement platform designed to increase sales by verifying, approving and guaranteeing high-risk transactions. Retailers determine which transactions to review and pay only when a transaction is approved. All approved transactions carry a 100% money-back guarantee. Co-founded in 2012 by Eido Gal and Assaf Feldman and based in Tel Aviv, the company intends to use its newly raised capital to grow and develop its platform. Riskified raised $1.65M in seed funding from a syndicate of investors.

Total raised

$225M

Funding rounds

4

Latest round

Series E

Latest activity

Nov 2019