SHIELD
| File:Company logo of SHIELD.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Cybersecurity |
| Predecessor | CashShield |
| Founded 📆 | 2008 |
| Founder 👔 | Wee Chian (Justin) Lie |
| Headquarters 🏙️ | , |
Area served 🗺️ | |
Key people | Wee Chian (Justin) Lie, CEO |
| Members | |
Number of employees | |
| 🌐 Website | shield |
| 📇 Address | |
| 📞 telephone | |
SHIELD (previously CashShield) is a global enterprise Cyber Security company that leverages over a decade of domain intelligence and artificial intelligence to help companies block fraud in real-time. Its SaaS-based Autonomous Risk Intelligence platform provides cyber protection to enterprises across the globe, covering industries such as e-wallet, Super Apps, e-commerce, travel, retail and gaming.
SHIELD is headquartered in Singapore with offices in Indonesia, Germany and USA.
History[edit]
SHIELD was founded in 2008 by Justin Lie as CashRun, before a 2016 re-branding to CashShield. He developed a prototype fraud management system centred around automation and optimisation in order to verify incoming transactions.[1] In 2008, CashShield became the first fraud management solution to offer a 100% chargeback protection guarantee to merchants.[2] CashShield engaged in a period of research and refinement, working with gaming marketplaces in Europe before soft-launching their first product at CeBit 2011 in Germany.[3] Following the 2011 soft-launch, CashShield engaged in further beta-testing with European telecommunication companies before entering the go-to-market stage in 2014.
Justin Lie was joined by co-founders Irene Brime in 2010, and Jun Xian Lee in 2016.
To reflect the company's evolution and business development, CashShield rebranded to SHIELD in December 2019, [4] with the tagline 'Autonomous Risk Intelligence'.
Technology[edit]
Based on artificial intelligence and machine learning technology with over a decade of domain intelligence, SHIELD provides end-to-end fraud protection for enterprises. Profiling more than 5 billion devices and over 500 million user accounts globally, SHIELD provides real-time risk intelligence, delivering fraud decisions in under 0.1 seconds.
Funding[edit]
SHIELD raised a total of $5 million in its Series A funding in 2017[5], and $20 million in its Series B funding in 2018[6]. Investors include Temasek, GGV Capital, and Tony Fadell's[7] Future Shape.
References[edit]
- ↑ hermes (2017-12-05). "Five questions with CashShield". The Straits Times. Retrieved 2020-04-16.
- ↑ Paymann (2016-05-05). "Fintech Valley Interview – CashShield – a company profile". FINTECH Valley - Fintech companies, Fintech startups, Fintech events and Interviews from around the world. Archived from the original on 2017-03-06. Retrieved 2017-03-06. Unknown parameter
|url-status=ignored (help) - ↑ "Cashshield: Successful Showcasing at Cebit 2011". news.thomasnet.com. Retrieved 2017-03-06.
- ↑ "CashShield rebrands to SHIELD". thepaypers.com. Retrieved 2020-01-15.
- ↑ "CashShield raises $5.5 million to help businesses combat online fraud using Wall Street trading tactics". VentureBeat. 2017-09-14. Retrieved 2020-04-16.
- ↑ "Fraud detection startup CashShield secures $20M Series B led by Temasek and GGV". TechCrunch. Retrieved 2020-04-16.
- ↑ "Apple iPhone Creator Backs Alibaba Fraud Fighter". Fortune. Retrieved 2020-04-16.
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