CustomerXPs explained

CustomerXPs Software Pvt. Ltd.
Industry:Software, Financial technology
Foundation:2006
Location:Bangalore, Karnataka, India
Key People:Rivi Varghese (Co-founder, CEO), Aditya Lal (Co-founder, CTO), Balaji Suryanarayana (Co-founder, COO), Sandhya V. (Co-founder, CFO)[1]
Num Employees:210

CustomerXPs is a Bengaluru-based software product company providing financial crime risk management and customer experience management solutions to banking institutions. Founded in 2006, the company sells its financial crime risk management software product under the brand name Clari5.[2] [3] [4] [5] CustomerXPs is identified as one of the top 100 global regtech companies.[6]

History

CustomerXPs was founded in 2006 by Rivi Varghese, Aditya Lal, Balaji Suryanarayana and Sandhya V.[7] The company launched Clari5 is launched in 2012[8] and a year later received funding of $4 million from JAFCO Asia.[9] In 2014, CustomerXPs launched Clari5 sherlock to fight multichannel banking frauds with Big Data Analytics and was recognized as one of Gartner’s top vendors for online banking fraud detection.[10]

In 2017, CustomerXPs had managed 200 million accounts at a single site, which is one of the largest real-time implementations.[11]

Funding

In 2008, Sharad Hegde, former Infosys chief technology officer, became an angel investor in CustomerXPs by investing about $1 million. In January 2011, CustomerXPs raised Series A funding of $4 million from investment firm JAFCO Asia.[12] [3] CustomerXPs has also received funding from Microsoft Accelerator.[13] [14]

Notes and References

  1. News: How startups like RedBus, India Homes, Zovi & CustomerXPs gained from some of India's best-known mentorst. The Economic Times.
  2. News: Best fraud detection product: Clari5 - Risk.net. 2016-07-04. Risk.net. 2017-11-06. en.
  3. Web site: Breaking the silos – SmartCEO. smartceo.co. en-US. 2017-11-06.
  4. News: CustomerXPs recognized by Chartis as an Enterprise Solution player in the 2016 RiskTech Quadrant for Enterprise Fraud Technology. 2017-11-06. en-US.
  5. News: A beating heart for faster money access. Vishwanathan. Vivina. 2016-06-14. livemint.com/. 2017-11-06.
  6. Web site: India's CustomerXPs, IDfy among the Top 100 Global Regtech Companies for 2020. Moneycontrol. 2020-03-21.
  7. News: India's CustomerXPs, IDfy Among The Top 100 Global Regtech Companies For 2020 . 9 December 2021 . Moneycontrol . en.
  8. News: CustomerXPs Earns Gartner's 2012 "Cool Vendor" in Marketing . 9 December 2021 . Clari5 . 10 May 2017.
  9. News: CustomerXPs raises $4m from Jafco Asia in Series A funding . 9 December 2021 . Reuters . 15 June 2011 . en.
  10. Web site: ThreatMark Listed as a Representative Vendor in Gartner's Market Guide for Online Fraud Detection ThreatMark . 9 December 2021.
  11. News: Chawla . Vishal . The Top Fraud Analytics Startups In India . 9 December 2021 . Analytics India Magazine . 11 September 2020.
  12. News: CustomerXPs a software with a human touch. 2011-09-12. The Economic Times. 2017-11-06.
  13. News: Microsoft and Wipro to help startups grow business. 2016-12-07. Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding. 2017-11-06. en-US.
  14. News: Microsoft eyes late-stage startups in India. Abrar. Peerzada. 2017-08-26. The Hindu. 2017-11-06. en-IN. 0971-751X.

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