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 editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
