Checkmate Network

Company Overview

Snapshot

Founded in October 2022 by Reuven Ben-Menachem and Aviel Erdis, Checkmate Network operates with 1–10 employees. The company secured its seed funding round in December 2022 from The Garage. Checkmate Network ceased operations in July 2025.

Business overview

Checkmate Network is an innovative company focused on combating authorized financial fraud. The company develops adaptive solutions to protect banks and their clients by addressing vulnerabilities that fraudsters exploit to gain access to accounts, bypassing traditional security measures. Leveraging expertise in open banking, payments technology, and cybersecurity, Checkmate Network operates within the Cyber Security sector, specifically targeting financial institutions and banks with its anti-fraud technologies.

Company Intelligence Q&A

What is Checkmate Network's primary focus?

Checkmate Network specializes in financial fraud prevention, particularly addressing authorized fraud where fraudsters manipulate individuals into granting access to their accounts.

When was Checkmate Network founded?

Checkmate Network was founded in October 2022.

Who are the founders of Checkmate Network?

Checkmate Network was founded by Reuven Ben-Menachem and Aviel Erdis.

What is the operational status of Checkmate Network?

Checkmate Network is non-active and ceased to operate in July 2025.

Which sector does Checkmate Network operate in?

Checkmate Network operates within the Cyber Security sector, with a focus on Fintech and eCommerce.