Fraugster

regtechauthentication and fraud preventionartificial intelligence/machine learning

FOUNDING YEAR: 2014
LOCATION: United Kingdom
Last Update: 19/01/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Fraugster is a payment data analytics company that developed a proprietary AI technology which helps online merchants maximize their revenues while reducing their operational costs. Fraugsters main focus is fraud prevention and it serves clients across industries such as retail, travel, gaming, and more. We are currently looking to fill a number of positions! Find out more here: https://fraugster.com/jobs/

Watch

How is AI Maximizing Revenue and Minimizing Fraud

MEDICI Analysis

Fraugster offers an artificial intelligence and behavioral analytics platform for online payments. It helps its users to protect fraudulent attacks and increase customers profits.

Focus

PRODUCTS & SERVICES

Fraud protection API for online payments. Fraud Free Product: It eliminates chargeback and provides a conclusive decision for every transaction. It is a completely automated solution which reduces the false positive ratio dramatically and brings acceptance rates to new heights.

REVENUE MODEL

Assumes the company charges small amount of fee per transaction.

MAIN CLIENTS

Payment service providers

online merchants and retailers. Some of the clients Ingenico Payments

Visa

Wirecard

Credorax

ePayments

Six Payments

PRIMARY PROBLEM SOLVED

Anti-fraud solution for online/mobile transactions

COMMENT

Fraugster has an AI-powered fraud detection technology that learns from each transaction in real-time and claims to be able to anticipate fraudulent attacks even before they happen. Fraugster collects transaction data points such as name, email address, and billing and shipping address. This is then enriched with around 2,000 extra data points, such as an IP latency check to measure the real distance from the user, IP connection type, distance between key strokes, and email name match.

Traction

VALUATION / MARKET CAP:

$33.33 M in 2017

COMPANY TYPE:

For Profit

TRACTION COMMENT:

Fraugster is handling almost $15bn in transaction volume for several thousand international merchants and payment service providers, such as Visa (Jan 2017).

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,891

AVERAGE VISITS (6 MONTHS)

2,683.95

MONTHLY VISITS GROWTH

2.52%

VISIT DURATION

22

VISIT DURATION GROWTH

167.57%

PAGE VIEWS VISIT

1.8

PAGE VIEWS VISIT GROWTH

7.19%

BOUNCE RATE

46.95%

BOUNCE RATE GROWTH

3.92%

GLOBAL TRAFFIC RANK

4,403,145

MONTHLY RANK CHANGE

-2,326,594

MONTHLY RANK GROWTH

-34.57%

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp