Riskified is a publicly traded company that provides software as a service (SaaS) fraud and

chargeback A chargeback is a return of money to a payer of a transaction, especially a credit card transaction. Most commonly the payer is a consumer. The chargeback reverses a money transfer from the consumer's bank account, line of credit, or credit car ...

prevention technology.

History

Riskified’s technology uses behavioral analysis, elastic linking, proxy detection, and

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

to detect and prevent fraud. Riskified backs transactions approved by its technology with a chargeback 100% money-back guarantee in the event of fraud. Riskified was founded in 2012 by Eido Gal and Assaf Feldman. As of 2018, Riskified secured $63.7 million in funding. In November 2019, Riskified announced a Series E funding round of $165 million, led by

General Atlantic General Atlantic (also known as "GA") is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. The firm was founded in 1980 as the captive investment team for ...

and joined by

Fidelity Management & Research Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American Multinational corporation, multinational financial services corporation based in Boston, Massachusetts. The company was esta ...

, Winslow Capital, and existing investors. On July 28, 2021, Riskified launched its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on the NYSE, valuing the company at $4.3 billion.

References

External links

* {{Finance links , name = Riskified Ltd. , symbol = RSKD , reuters = RSKD.N , bloomberg = RSKD:US , sec_cik = 1851112 , yahoo = RSKD , google = RSKD:NYSE 2012 establishments in Israel Internet security Software companies established in 2012 Software companies of Israel Security companies of Israel 2021 initial public offerings Companies listed on the New York Stock Exchange Companies based in Tel Aviv