CardinalCommerce Corporation
Latest round
- Series A
Last raised
- Sep 2004
Total raised
- $3M
Investors
- 1
About CardinalCommerce Corporation
Founded in 1999 in Mentor, US, CardinalCommerce Corporation focuses on fraud prevention technology. The company was acquired by Visa Inc. in December 2016 for USD 300 mn, marking a significant strategic pivot. The CEO is Sara Wardell, while the founder, Tim Sherwin, has previously founded other technology ventures.CardinalCommerce offers Visa Protect, a comprehensive suite of risk solutions aimed at combating fraud throughout the payment journey. Key offerings include advanced fraud detection and prevention solutions that utilize real-time decisioning for secure authentication and authorization, particularly in card-not-present transactions.The revenue model for Visa Protect consists of fees generated from fraud prevention services and risk management solutions offered to business clients and financial institutions. Clients subscribe to these services for a set fee, gaining access to real-time analytics and insights.CardinalCommerce's future growth strategy includes the continued development of Visa Protect to enhance its offerings in fraud prevention and risk management. Although specific upcoming product launches and timelines were not disclosed, the recent acquisition by Visa Inc. will enable expanded market reach and resources. The USD 300 mn from the acquisition will assist in these initiatives, furthering their presence in markets experiencing digital payment growth. The completion of the acquisition in the first quarter of 2017 signals a commitment to leveraging Visa’s infrastructure to support CardinalCommerce's growth objectives.
Who invested in CardinalCommerce Corporation
1 investor across 1 round
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Funding rounds
Series A
Sep 30, 2004
Amount
$3M
Investors
Questions about CardinalCommerce Corporation
Who invested in CardinalCommerce Corporation?
CardinalCommerce Corporation has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CardinalCommerce Corporation raised?
CardinalCommerce Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CardinalCommerce Corporation last raise money?
CardinalCommerce Corporation's most recent round on record is a Series A, in Sep 2004.
What does CardinalCommerce Corporation do?
Founded in 1999 in Mentor, US, CardinalCommerce Corporation focuses on fraud prevention technology.
Where is CardinalCommerce Corporation headquartered?
CardinalCommerce Corporation is headquartered in Mentor, US.
Which VCs invest in companies like CardinalCommerce Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at CardinalCommerce Corporation's stage. Their profiles are linked below.
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