Fraud Sciences

Company Overview

Snapshot

Founded in January 2001, Fraud Sciences operated with 11–50 employees, securing $12.75 million across two funding rounds from two investors. The company was acquired by PayPal in January 2008.

Business overview

Fraud Sciences developed automated anti-fraud systems, including SpotLight VFX and SpotLight T2T, which provided transaction verification and fraud prevention solutions for merchants. The company operated within the Fintech & Insurtech sector, focusing on enterprise solutions for online transactions.

Strategic signal

In January 2008, Fraud Sciences was acquired by eBay for $169 million and subsequently integrated into the PayPal product. This acquisition underscored the strategic importance of advanced fraud prevention technologies in the rapidly expanding e-commerce and digital payments landscape, validating Fraud Sciences' technology and market position.

Company Intelligence Q&A

What is Fraud Sciences' primary focus?

Fraud Sciences specializes in online transaction verification and fraud prevention, offering automated anti-fraud systems like SpotLight VFX and SpotLight T2T.

When was Fraud Sciences acquired?

Fraud Sciences was acquired by eBay in January 2008 for $169 million and subsequently integrated into PayPal's product offerings.

How much capital did Fraud Sciences raise?

Fraud Sciences raised a total of $12.75 million across two funding rounds, including a $1.75 million round in November 2004 and an $11 million round in October 2007.

Which investors participated in Fraud Sciences' funding rounds?

Fraud Sciences received funding from investors including Redpoint Ventures.

When did Fraud Sciences secure its first disclosed funding round?

In November 2004, Fraud Sciences (then NPX Technologies) raised $1.75 million from BRM Group.