Fraugster
Latest round
- Series B
Last raised
- Nov 2018
Total raised
- $14M
Investors
- 6
About Fraugster
Fraugster Limited offers innovative fraud prevention services tailored for the e-commerce sector, focusing on minimizing fraud while maximizing transaction approvals. Notably, Fraugster's operational focus has remained consistent throughout its history, concentrating on enhancing fraud management solutions without any significant pivots or changes in business strategy.Fraugster provides a comprehensive suite of AI-driven solutions for risk management and fraud prevention in the e-commerce ecosystem. Their offerings include Fraud Management as a Service, Chargeback Protection, Account Takeover Protection, and Alternative Credit Decisions, all designed to utilize advanced machine learning algorithms. These services help reduce fraudulent activities while increasing transaction approval rates, ultimately aiding merchants across various sectors, including gaming, travel, and digital goods.Fraugster's revenue model is based on partnerships and service subscriptions, where clients pay for access to their advanced fraud prevention tools. The company operates on a transactional basis, charging clients only for approved transactions and assuming liability for any fraudulent activities. This performance-based approach encourages both Fraugster and its clients to prioritize optimal approval rates while minimizing fraud losses.In January 2023, Fraugster Limited ceased its operations, indicating a significant change in the company's trajectory.
Who invested in Fraugster
6 investors across 1 round
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Funding rounds
Series B
Nov 7, 2018
Amount
$14M
Investors
Questions about Fraugster
Who invested in Fraugster?
Fraugster has 6 investors 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 Fraugster raised?
Fraugster has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Fraugster last raise money?
Fraugster's most recent round on record is a Series B, in Nov 2018.
What does Fraugster do?
Fraugster Limited offers innovative fraud prevention services tailored for the e-commerce sector, focusing on minimizing fraud while maximizing transaction approvals.
Where is Fraugster headquartered?
Fraugster is headquartered in Berlin, Germany.
Which VCs invest in companies like Fraugster?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Fraugster's stage. Their profiles are linked below.
VCs backing software startups at Series B
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