Fidelity has backed a series E round for fraud prevention technology producer Riskified, which last disclosed $33m in series C funding from investors including Capital One in 2017.
Riskified, a US-based e-commerce fraud prevention software developer backed by financial services provider Capital One, yesterday received $165m in a series E round backed by financial services group Fidelity.
General Atlantic led the round, which also featured Qumra Capital, Pitango Venture Capital and Entrée Capital. The investment valued Riskified at more than $1bn.
Riskified’s platform exploits artificial intelligence technology to instantly confirm legitimate e-commerce customers and prevent fraudulent transactions. It also enables merchants to safely offer alternate payment methods and…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
