# CardinalCommerce Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardinalcommerce

- Industry: Software
- Headquarters: Mentor, US
- Website: www.cardinalcommerce.com
- Total disclosed funding: $3M
- Latest round: Series A (Sep 30, 2004)
- Investors on record: 1

## About

CardinalCommerce Corporation specializes in providing innovative fraud prevention solutions for digital payments, helping businesses enhance transaction security and minimize risk across various platforms.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 has been involved in 5 deals, with its most recent deal date on December 1, 2016.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. Visa Protect serves financial institutions, merchants, and businesses globally, especially in regions with high digital payment adoption.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. Services include multi-layer defenses against fraud and shared intelligence insights, with pricing plans tailored to meet specific client needs.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.

## Funding rounds

- Series A, Sep 30, 2004, $3M — Mutual Capital Partners

## Investors

- Mutual Capital Partners (https://capitalatlas.ai/funds/mutual-capital-partners) — Series A