Riskified

Fraud Management Software for Online Retailers

Cyber Security
Public on NYSE on Jul, 2021
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Company Overview

Snapshot

Founded in November 2012 by Eido Gal and Assaf Feldman, Riskified operates with over 600 employees. The company has raised a total of $591.65 million across 6 funding rounds from 18 investors, including a Series E round led by General Atlantic in November 2019. Riskified went public on the NYSE in July 2021.

Business overview

Riskified provides fraud management software for online retailers, leveraging powerful machine-learning algorithms to identify legitimate customers and mitigate risk. The company's technology helps e-commerce businesses increase revenue, manage risk, and enhance customer experience by safely approving more orders, facilitating international expansion, and supporting omnichannel fulfillment. Riskified operates within the Cyber Security and FinTech sectors, serving various industries from airlines to luxury fashion.

Strategic signal

In October 2023, Riskified partnered with Plaid to enhance risk protection for ACH bank payments. This collaboration signals a strategic expansion of Riskified's fraud prevention capabilities into the financial services sector, demonstrating the company's commitment to securing a broader range of digital transactions and potentially opening new market opportunities for its AI-driven solutions.

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Company Intelligence Q&A

When did Riskified go public?
Riskified went public on the NYSE in July 2021.
Which investors participated in Riskified's Series E funding round?
In November 2019, Riskified announced a Series E funding round led by General Atlantic, with participation from.
What is Riskified's core business?
Riskified provides fraud management software for online retailers, utilizing machine-learning algorithms to identify legitimate customers and manage risk in e-commerce transactions.
What was a significant partnership for Riskified in late 2023?
In October 2023, Riskified partnered with Plaid to enhance risk protection for ACH bank payments, expanding its fraud prevention services into the financial technology space.
What was Riskified's Q3 2024 earnings performance?
Riskified's Q3 2024 earnings surpassed estimates, with the company reporting record free cash flow, as highlighted in November 2024.
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