Signifyd
Type of site | Private |
|---|---|
| Available in | American English |
| Founded | June 11, 2011 in United States |
| Headquarters |
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| Key people |
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| Industry | |
| Products |
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| Employees | 201 to 500 (2020) |
| Website | www |
| Alexa rank |  22,007 (October 2020[update])[1] |
| Advertising | No |
| Registration | Required |
| Current status | Active |
Signifyd is privately held company that provide software as a service (SaaS) as a fraud prevention technology company to online retailers and marketplaces.[2] It has its headquarters in New York and their Global R&D Center in Belfast.[3][4] Signifyd was founded in 2011 by Rajesh Ramanand and Michael Liberty who both used to work for PayPal.[5][6]
Signifyd identify fraudulent transactions using machine learning and manual review to prevent chargebacks, fraudulent transactions and provide financial guarantees.[7][8][9]
History[edit]
In 2011 Rajesh Ramanand founded the company with a colleague from PayPal, Michael Liberty. Liberty was the manager of new ventures risk at PayPal before joining Signifyd.[10] Ramanand was the head of risks on PayPal’s Emerging Market team before he resigned to co-found Signifyd.[11]
The founders original idea for Signifyd was to create a service to prevent, score and detect abusive content and account creation as early as 2010. There was also shown information around preventing offensive content and harassment.[12] However this idea was later ditched to focus on just preventing fraudulent transactions.
Signifyd initially only provided a investigation tool where merchants provided basic transaction details, Signifyd would then enrich the data and give a score, but not provide a financial guarantee.[13][14] In 2015 Signifyd expanded their services to include a financial guarantee also names Guaranteed Payments using their machine learning decisions.[15]
Funding[edit]
Signifyd funding is a combined $180 million with its last founding Series D on May 31, 2018.[16]
| Name | Money Raised | Announced Date |
|---|---|---|
| Series D | $100,000,000 | May 30, 2018[17] |
| Series C | $56,000,000 | May 4, 2017[18] |
| Series B | $20,000,000 | Feb 25, 2016[19] |
| Series A | $7,000,000 | Jun 22, 2015[20] |
| Seed round | $2,000,000 | Dec 19, 2012[21] |
Related Articles[edit]
References[edit]
- ↑ "signifyd.com Competitive Analysis, Marketing Mix and Traffic". Alexa Internet. Retrieved 2020-10-11.
- ↑ "Signifyd raises $56 million for e-commerce fraud protection". TechCrunch. Retrieved 2020-09-27.
- ↑ "Signifyd Sees Accelerated Innovation With Expansion of Global R&D Centre in Northern Ireland". irish tech news. 2019-11-19. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "G2 Crowd Names Signifyd the Leader in Customer Satisfaction in the Fraud Protection Market". www.businesswire.com. 2019-04-10. Retrieved 2020-09-27.
- ↑ "Former PayPal executive's San Jose startup scores $100M to to fight e-commerce fraud". www.bizjournals.com. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Ex-PayPal execs' e-fraud startup scores $56M, plans to doubleå workforce". www.bizjournals.com. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd, CTI Digital and supercharged help merchants provide abuse and fraud protection". Help Net Security. 2020-09-08. Retrieved 2020-09-27.
- ↑ "Signifyd: Product Overview and Insight". eWEEK. Retrieved 2020-09-27.
- ↑ "Signifyd Launches New Machine Learning Solution to Enhance Authorization-Stage Order Approvals for Enterprise Retailers". www.businesswire.com. 2020-06-02. Retrieved 2020-09-27.
- ↑ "Mike Liberty – DDNA 2019". Retrieved 2020-09-27.
- ↑ "40 Under 40: Rajesh Ramanand of Signifyd". www.bizjournals.com. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd products". 2010-12-13. Archived from the original on 2010-12-13. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ Carter, Eric (2013-12-23). "Signifyd API Adds Fraud Prevention to Ecommerce Platforms". ProgrammableWeb. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd | A Simple, Fast, and Powerful Fraud Investigation Tool". 2013-04-05. Archived from the original on 2013-04-05. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd Named to Forbes 50 Innovative Fintech List". Signifyd. 2016-11-08. Retrieved 2020-09-27.
- ↑ "Funding Rounds". crunchbase. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd Secures $100M in Series D Funding, Opens First International Office in Barcelona to Scale the European Market". www.businesswire.com. 2018-08-03. Retrieved 2020-09-27. Unknown parameter
|url-status=ignored (help) - ↑ "Signifyd, Market Leader for E-Commerce Guaranteed Fraud Protection, Secures $56 Million in Series C Funding Led by Bain Capital Ventures". www.businesswire.com. 2017-05-04. Retrieved 2020-09-27.
- ↑ "Signifyd Raises $20 Million in Series B Funding to Ensure E-Commerce Merchants Never Pay a Chargeback Again". www.businesswire.com. 2016-02-25. Retrieved 2020-09-27.
- ↑ Penn, David (2015-06-22). "Signifyd Raises $7 Million in Series A Investment". Finovate. Retrieved 2020-09-27.
- ↑ "Signifyd Raises $2M From Andreessen Horowitz And Others To Help Online Businesses Use Data To Prevent Payments Fraud". TechCrunch. Retrieved 2020-09-27.
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