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Founded Year

2013

Stage

Series F | Alive

Total Raised

$525M

Valuation

$0000 

Last Raised

$300M | 4 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-11 points in the past 30 days

About Forter

Forter specializes in identity intelligence for digital commerce, focusing on fraud prevention and customer security across digital platforms. The company provides services including fraud management, payment optimization, chargeback recovery, identity protection, and abuse prevention, aimed at improving security and efficiency in online transactions. Forter's solutions are utilized by sectors within the digital commerce industry to support processes for businesses and consumers. Forter was formerly known as Ryzyco. It was founded in 2013 and is based in New York, New York.

Headquarters Location

575 Fifth Avenue 9th Floor

New York, New York, 10017,

United States

800-537-0601

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Forter's Product Videos

ESPs containing Forter

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Cybersecurity

The payments fraud detection & prevention market offers a range of technologies helping businesses detect and block anomalous payment activity. Vendors in this market cater to many different industries, from financial services to e-commerce. These solutions cover a range of different types of financial fraud like chargebacks, ACH, wire, and credit card fraud.

Forter named as Challenger among 15 other companies, including Mastercard, Oracle, and Fiserv.

Forter's Products & Differentiators

    Forter Payment Protection

    Forter’s Payment Protection platform provides accurate, real-time decisions for every transaction -- allowing more good buyers to make purchases while keeping fraud out. The Payment Protection platform includes solutions to help merchants deal with transaction fraud, phone fraud, and omnichannel fraud. Additionally, the platform offers solutions to help with PSD2 protection, Forter’s Trusted Authorization solution to connect merchants directly with issuing banks, and Forter’s 100% chargeback guarantee to erase chargeback costs from a merchant’s bottom line.

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Expert Collections containing Forter

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Forter is included in 11 Expert Collections, including E-Commerce.

E

E-Commerce

11,359 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).

U

Unicorns- Billion Dollar Startups

1,258 items

P

Payments

3,082 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech 100

999 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

T

Tech IPO Pipeline

825 items

C

Conference Exhibitors

5,302 items

Forter Patents

Forter has filed 5 patents.

The 3 most popular patent topics include:

  • online payments
  • payment service providers
  • payment systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/8/2016

8/1/2017

Rules of inference, Data management, Information technology management, Transaction processing, Internet culture

Grant

Application Date

1/8/2016

Grant Date

8/1/2017

Title

Related Topics

Rules of inference, Data management, Information technology management, Transaction processing, Internet culture

Status

Grant

Latest Forter News

SOCURE FURTHER STRENGTHENS WORLD-CLASS LEADERSHIP TEAM WITH STRATEGIC EXECUTIVE HIRES TO DRIVE INNOVATION AND HYPERGROWTH

Jan 13, 2025

News provided by Share this article Share toX INCLINE VILLAGE, Nev., Jan. 13, 2025 /PRNewswire/ --  Socure , the leading artificial intelligence (AI) platform for digital identity verification, sanction screening, and fraud prevention today announced the addition of three new executives to its leadership team. These appointments underscore Socure's commitment to innovation, being the place for domain experts to do their life's best work, and a continued emphasis on raising the talent bar even through hypergrowth. Krisan Nichani, Head of Product Strategy Krisan Nichani joins Socure as Head of Product Strategy. In this role, Nichani will lead the development of product-centric go-to-market strategies, align product offerings with market needs, and drive various teams to deliver cross-product innovations through Socure's RiskOS platform. Additionally, he will own prioritizing customer insights and emerging market trends to shape roadmaps, acquisitions and deliver solutions that address evolving identity AML and fraud challenges. Nichani brings over 15 years of experience in compliance and risk management. Prior to joining Socure, he served as General Manager of Compliance and Chief Risk Officer at Sardine/Sonar, overseeing go-to-market efforts, product development, and strategy. His career also includes leadership roles where he partnered with Socure at Gyft, Step, and Civic, where he built and scaled fraud prevention and compliance teams, delivering impactful strategies to mitigate risk while driving growth. Josh Simpson, Head of Customer Success: Account Management, Technical Support, Technical Account Management Josh Simpson has been appointed Head of Customer Success. In his new role, Simpson will own Technical Support, Technical Integrations and Post Sales Account Management. He will be responsible for bringing AI into our world-class support organization, streamlining new customer onboarding processes by delighting developers through simple and pre-built integrations and ensure an account management team that continuously works to maximize a customer's performance in their usage of Socure solutions. Simpson joins Socure from Forter, where he served as Vice President of Global Delivery, leading customer success, support, and implementation services. With over 15 years of experience in similar leadership roles at companies like Snyk and Akamai Technologies, Simpson has a proven track record of driving customer engagement through structured processes that anticipate and address customer needs before challenges arise. Brian Angelson, Head of Growth: Big Tech, Gaming and Emerging Markets Brian Angelson has joined Socure as Head of Growth in Big Tech, Gaming and Emerging Markets. In this role, Angelson will spearhead the company's GTM strategies, driving growth and expanding market presence across many key sectors where Socure is rapidly growing. With over 15 years of experience in scaling GTM operations within high-growth channels, he will focus on optimizing team performance, accelerating deal cycles, and helping our partners solve problems. Previously, Angelson played a vital role in driving Forter's exceptional growth over nearly six years, guiding the company from its early stages of market adoption to becoming a pre-IPO leader in eCommerce fraud prevention. Angelson worked closely with the founders, securing 50% of the company's net new logos and acting as a catalyst for its transformative expansion. He went on to pioneer the creation of the enterprise segment and developed a global sales strategy that fueled 70% of the company's pipeline growth. Additionally, Angelson built and scaled the North American partnerships and alliances program, driving strategic partner acquisitions that were crucial in advancing the company's long-term objectives. "Krisan, Josh, and Brian bring extensive experience in their respective fields that our partners will greatly benefit from. As we recruit increasingly more talented executives who are capable of running flatter, more experienced organizations, we expect to continue to extend our market-leadership within the world's largest enterprises and hypergrowth technology firms. I'm particularly excited about how their unique expertise will amplify the success we anticipate from our recent Effectiv acquisition and launch of our RiskOS platform," said Johnny Ayers, founder and CEO of Socure. "With these key appointments and our AI-powered product suite, we're poised to accelerate our growth and further our mission to enable customers to use AI to make smarter identity and risk decisions, anytime, anywhere. This is a transformative moment for Socure, and I'm thrilled that Krisan, Josh and Brian have joined us to help continue to help our partners solve their most pressing identity and risk problems." About Socure Socure is the leading provider of AI-powered digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk, anytime through the customer lifecycle. Extensively leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation and capture rates in the world. With the acquisition of Effectiv, Socure expands its capabilities to offer end-to-end identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform. Serving more than 2,800 customers across financial services, government, gaming, marketplaces, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 28 state agencies, four federal agencies, and more than 500 fintechs. Leading organizations including Capital One, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, Uber, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com . SOURCE Socure

Forter Frequently Asked Questions (FAQ)

  • When was Forter founded?

    Forter was founded in 2013.

  • Where is Forter's headquarters?

    Forter's headquarters is located at 575 Fifth Avenue, New York.

  • What is Forter's latest funding round?

    Forter's latest funding round is Series F.

  • How much did Forter raise?

    Forter raised a total of $525M.

  • Who are the investors of Forter?

    Investors of Forter include Scale Venture Partners, March Capital, NewView Capital, Samsung NEXT, Sequoia Capital and 17 more.

  • Who are Forter's competitors?

    Competitors of Forter include ClearSale, Resistant AI, DataVisor, Fraud.net, Vesta and 7 more.

  • What products does Forter offer?

    Forter's products include Forter Payment Protection and 4 more.

  • Who are Forter's customers?

    Customers of Forter include TAG Heuer, SNIPES, Priceline, Delivery.com and Nordstrom.

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Compare Forter to Competitors

Sift Logo
Sift

Sift provides real-time machine learning fraud prevention solutions for online businesses. Its machine-learning software automatically learns and detects fraudulent behavioral patterns and alerts businesses before they or their customers are defrauded. It provides its services in a wide range of industries, such as financial technology, retail, payment service providers, and more. It was formerly known as Sift Science. It was founded in 2011 and is based in San Francisco, California.

Signifyd Logo
Signifyd

Signifyd provides e-commerce fraud protection and prevention services. The company offers services, including revenue protection, abuse prevention, and payment compliance, all aimed at maximizing conversion and eliminating fraud and consumer abuse. Its services primarily cater to the e-commerce industry. Signifyd was founded in 2011 and is based in San Jose, California.

Ravelin Logo
Ravelin

Ravelin specializes in fraud prevention and payment security within the online business sector. The company offers a suite of solutions that utilize machine learning and human insights, aiming to protect against online payment fraud, account takeovers, policy abuse, marketplace fraud, and optimization of three-dimensional secure transactions. Ravelin primarily serves online merchants looking to secure their transactions and enhance the customer journey. It was founded in 2014 and is based in London, United Kingdom.

Shield Logo
Shield

Shield is a device-first risk AI platform that specializes in fraud prevention and risk intelligence within the digital business sector. The company offers solutions to identify and eliminate fraudulent activities through global standard device identification and actionable risk intelligence. Shield primarily serves industries such as ride-hailing, social media, e-commerce, digital banking, and gaming. Shield was formerly known as CashShield. It was founded in 2008 and is based in Singapore.

F
FUGU

FUGU specializes in payment fraud prevention and operates within the financial technology sector. The company offers a suite of services that analyze transactions throughout the entire lifecycle, from pre-checkout to post-purchase, to identify and prevent various types of fraud, automate Know Your Customer (KYC) verifications, and manage chargebacks. FUGU's solutions are designed to reduce false declines, minimize operational costs, and provide a chargeback guarantee to online sellers and payment service providers. It was founded in 2017 and is based in Tel Aviv, Israel.

Arkose Labs Logo
Arkose Labs

Arkose Labs specializes in online fraud and abuse prevention within various business sectors. The company offers a suite of security solutions designed to protect against automated attacks, account takeovers, and fraudulent account creation. Arkose Labs primarily serves sectors such as financial services, e-commerce, gaming, technology, and telecommunications. Arkose Labs was formerly known as FunCaptcha. It was founded in 2016 and is based in San Mateo, California.

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