Backers included the Menlo Ventures, TriplePoint Capital and American Express Ventures.
Founded by ex-PayPal fraud and risk experts Raj Ramanand and Mike Liberty, Signifyd provides E-Commerce Assurance, a financial guarantee protecting online retailers in the case of chargebacks.
The solution is supported by a full-service machine learning platform that automates fraud prevention allowing businesses to increase sales and open new markets while reducing risk.
The company monetizes by charging clients up to 1% of transaction revenue. The company claims merchants can see up to 20% increases in their margins.
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