Rippleshot

Rippleshot, Inc.Founded in 2013 in Chicago, US, Rippleshot specializes in fraud detection for financial institutions. The company was co-founded by Canh Tran and Yueyu Fu.Rippleshot specializes in advanced fraud detection and prevention solutions for financial institutions, leveraging artificial intelligence and machine learning capabilities. The core offering, a cloud-based Software as a Service (SaaS) platform, provides tools that enable banks and credit unions to proactively manage and mitigate the risk of card fraud. Key functionalities include predictive analytics that identify potential fraud threats and analytics tools that assist institutions in understanding and responding to merchant data breaches. By empowering financial organizations to access and analyze their own data, Rippleshot helps enhance their fraud response strategies and improve customer service outcomes.Rippleshot generates revenue primarily through subscription-based models for its SaaS platform, tailored to the needs of its financial institution clients. Clients typically engage in annual contracts that provide access to the suite of fraud prevention tools, which includes flagship products such as Rules Assist and Sonar. These products facilitate real-time analytics and risk assessment, ensuring efficient management of cardholder security. The pricing structure is designed to accommodate varying sizes of financial institutions, which allows for scalable solutions that align with their operational needs.In August 2018, Rippleshot, Inc. Specific targets for expansion include Europe and Asia by the end of 2023, with a focus on introducing innovative fraud detection features that will strengthen the security measures of its clients.

1. Seed

   Feb 8, 2017

   Amount

   $2.8M

   Investors

   Locked

2. Seed

   Jun 1, 2014

   Amount

   $0.8M

   Investors

   Locked