Riskified Explained

Riskified
Type:Public Company
Traded As: (Class A)
Products:Fraud prevention
Num Employees:768 (Dec 2021)
Revenue: (2021)
Operating Income: (2021)
Assets: (2021)
Equity: (2021)
Footnotes:[1]

Riskified is a publicly traded company that provides software as a service (SaaS) fraud and chargeback prevention technology.[2]

History

Riskified’s technology uses behavioral analysis, elastic linking, proxy detection, and machine learning to detect and prevent fraud.[3] Riskified backs transactions approved by its technology with a chargeback 100% money-back guarantee in the event of fraud.[4]

Riskified was founded in 2012 by Eido Gal and Assaf Feldman.[5] As of 2018, Riskified secured $63.7 million in funding.[6] In November 2019, Riskified announced a Series E funding round of $165 million, led by General Atlantic and joined by Fidelity Management & Research, Winslow Capital, and existing investors.[7] [8]

On July 28, 2021, Riskified launched its initial public offering on the NYSE, valuing the company at $4.3 billion.[9]

Notes and References

  1. Web site: Riskified Ltd. 2021 Annual Report (Form 20-F) . 25 February 2022 . U.S. Securities and Exchange Commission.
  2. Web site: No Contest. National Retail Federation. 2015-12-22. October 10, 2014. David P.. Schulz. https://web.archive.org/web/20151223085021/https://nrf.com/news/no-contest. 2015-12-23.
  3. Web site: Daily API RoundUp: Qualys, Riskified, ESPN SDKs. ProgrammableWeb. 2015-12-22.
  4. Web site: Payment security vendor Riskified’s new tool comes with a money-back guarantee. 2015-12-22. Zak. Stambor.
  5. Web site: Safdar . Khadeeja . Why Paying for Fast Shipping Could Get You Flagged as a Fraudster . WSJ.com . The Dow Jones Company . 27 August 2018 . April 9, 2018 . Tel Aviv-based startup called Riskified works with Macy’s and Finish Line.
  6. News: Schindler . Max . Meet the Israeli Anti-Fraud Start-Up that Protects Shoppers . 7 February 2019 . Jerusalem Post . 11 February 2018.
  7. Web site: Reclaim funds. 2015-09-21. Diana. Lucia.
  8. Web site: Gal . Eido . Announcing Riskified’s $165 Million Funding Round . Riskified Blog . 5 November 2019.
  9. News: General Atlantic-backed Riskified valued at $4.3 bln in NYSE debut. Nishant. Niket. 29 July 2021. Reuters.

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