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Jewel Paymentech develops intelligent risk technologies for the banking and electronic payments industry. It claims to provide a suite of intelligent solutions helping banks & payment facilitators conduct merchant due diligence and manage transaction fraud risks using predictive analytics. It also offers automated solutions to merchants such as marketplaces to identify illegal and counterfeit goods as part of their KYC process.
PRODUCTS & SERVICES
It provides ML and predictive analytics-based platform for payments, web analytics, credit scoring, and risk management solutions for the banking & electronic payments industry. It offers three products: One Sentry: A cloud-based solution to manage merchant fraud, brand, data security, and credit risks across the acquiring lifecycle. It is also a solution for marketplace monitoring. Capture: A software platform that provides an onboarding solution to accelerate merchant acquisition. The platform digitizes merchant application forms and streamlines its workflows, driving down the turnaround time for onboarding. Fraudwall: It is designed to protect acquirers and merchants by providing e-commerce, POS, and MOTO fraud management solutions. It analyzes real-time transactions to detect fraud activities for merchants. It also helps to optimize fraud strategies and maximize approval rates.
The company follows a subscription-based revenue model.
Jewel's Fraudwall platform leverages artificial intelligence to analyzes hundreds of data points (payment card details, cardholder information, device information, purchase details, geolocation) associated with a transaction in real time, identifying patterns that are indicative of fraud.
VALUATION / MARKET CAP:
$6.67 M in 2016
BOARD MEMBERS AND ADVISORS
Voon Seng Chuan
NUMBER OF EMPLOYEES
Sean Lam (CEO)
Wooi Siang Lee (COO)
Sandra Cheim (CFO)
Azim Yazdani (CTO)
Sean was formerly the director of fraud,security risk at Visa (Southeast Asia),,was also with PricewaterhouseCooper as a security,technology consultant.
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the fund to support its marketing expansion plan and product development. (March 2018)
SEED & PRIOR FUNDING
SEED CLOSED ON
SEED PRIOR FUNDING COMMENT
The company has received an undisclosed amount of investment from the Wells Fargo startup accelerator program in June 2016.
SERIES A · $1 M · Jan 2016
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