CheckMate
Latest round
- Seed
Last raised
- Jan 2023
Total raised
- Undisclosed
Investors
- 1
About CheckMate
CheckMate, founded in 2022, is a Tel Aviv-based company specializing in financial fraud prevention. The company was established by individuals with experience in the tech industry, although specific founder details are not available.CheckMate specializes in financial fraud prevention through its advanced behavioral analytics platform. The company's core product leverages machine learning models and graph data science algorithms to analyze unique customer behavior patterns, aiming to identify and flag activities that deviate from established norms. This solution is particularly designed to combat emerging and sophisticated fraud typologies, offering real-time risk scores within 100 milliseconds before any monetary transactions are executed. CheckMate's products are cloud-agnostic and can be deployed both on-premises and in the cloud, enhancing security and privacy standards by ensuring no customer data leaves the bank.CheckMate's revenue model is primarily based on subscriptions and partnerships with financial institutions that utilize its fraud prevention solutions. Clients pay to access the platform, which integrates into their existing systems to deliver real-time fraud detection capabilities. Transactions typically occur as a service agreement where financial institutions pay a recurring fee for continued access to CheckMate’s technology and support. The strategic pricing structure reflects the value of its advanced analytics capabilities, although specific costs associated with individual products and services have not been disclosed.CheckMate plans to expand its offerings by developing new products aimed at enhancing its fraud detection capabilities and is targeting a rollout of these innovations by late 2024. The company is also looking to expand its presence in continental Europe, with plans to enter markets such as Germany and France by mid-2025. Notably, The Garage exited its stake in CheckMate, though financial terms were not disclosed.
Who invested in CheckMate
1 investor across 1 round
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Funding rounds
Seed
Jan 1, 2023
Amount
Undisclosed
Investors
Questions about CheckMate
Who invested in CheckMate?
CheckMate 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 CheckMate raised?
CheckMate has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CheckMate last raise money?
CheckMate's most recent round on record is a Seed, in Jan 2023.
What does CheckMate do?
CheckMate, founded in 2022, is a Tel Aviv-based company specializing in financial fraud prevention.
Where is CheckMate headquartered?
CheckMate is headquartered in Tel Aviv, Israel.
Which VCs invest in companies like CheckMate?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at CheckMate's stage. Their profiles are linked below.
VCs backing software startups at Seed
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