Forter

Forter is a software as a service (SaaS) company that provides fraud prevention technology for online retailers and marketplaces.

Forter works with banks, online payment providers, and merchants to detect and prevent fraudulent transactions, spanning identity theft, account takeover, credit card fraud, and more.

Forter was founded in 2013 by Michael Reitblat, Liron Damri, and Alon Shemesh. The company is headquartered in New York, New York, with offices in London, UK; Tel Aviv, Israel and Singapore.

 

Forter offers fully automated, real-time Decision as a Service™ fraud prevention, with approve/decline decisions backed by a 100% chargeback guarantee. The system eliminates the need for rules, scores or manual reviews, making fraud prevention friction-free.

Forter’s integrated fraud prevention platform is powered by its rapidly growing Global Data Network, underpinned by predictive fraud research and modelling, and the ability for customers to tailor the platform for their specific needs.

Forter is trusted as the sole or primary risk mitigation engine by Fortune 500 companies including Farfetch, Sephora, Nordstrom, Instacart, Adobe and Priceline to deliver exceptional accuracy, a smoother user experience and elevated sales at a much lower cost.

 

Forter processes over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more.

 

Forter is backed by Tiger Global Management, Sequoia, Bessemer Venture Partners, Scale Venture Partners, Salesforce Ventures, Felix Capital, Third Point Ventures, Adage Capital, and others others. The company raised $300M in Series F round on May 25, 2021. This brings Forter's total funding to $525M to date. The latest round more than doubled the company's valuation to $3B. Forter was previously valued at $1.3B from its Series E funding raised in Nov 2020.

 

 

  • Year founded: 2013
  • Funding Info: $525M over 6 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $3B as of May 25, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
Related businesses