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Digital Identity, Security & Online Fraud

Riskified secures USD 1.65 mln in funding round

Thursday 11 July 2013 | 11:49 AM CET

E-commerce verification company Riskified has secured USD 1.65 million from investment companies Genesis Capital Partners, Formation 8, Founder Collective, Entree Capital, The Accelerator Group and T5 Capital.

Riskified has developed a platform which increases sales for e-commerce companies by verifying, approving and guaranteeing high risk transactions. The proceeds will be used to accelerate growth and develop Riskified's approach to risk management.

Riskified employs modeling and detection technologies to review, approve and guarantee high-risk purchase transaction requests. Merchants determine which transactions to submit to Riskified and only pay for the transactions approved by Riskified.
 

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