Jewel Paymentech

artificial intelligence/machine learningregtechauthentication and fraud preventionekyc/aml/cftrisk management

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 01/05/2020

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About

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.

Focus

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.

REVENUE MODEL

The company follows a subscription-based revenue model.

MAIN CLIENTS

Business

EXISTING PARTNERSHIPS

Synechron

PWC

Crowe Horwath

Elastic

Matrix-IFS

CGI

Arachnys

Deloitte

AML Accelerate

EY

NTT Data

COMMENT

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.

Traction

VALUATION / MARKET CAP:

$6.67 M in 2016

People

FOUNDERS

Sandra Cheim

Wooi Lee

Sean Lam

BOARD MEMBERS AND ADVISORS

Voon Seng Chuan

Joe Cunningham

David Lee

NUMBER OF EMPLOYEES

1-10

INVESTORS:

8capita Partners

GMO Payment Gateway

Spring SEEDS Capital

Tuas Capital Partners

Wells Fargo Startup Accelerator

KEY EMPLOYEES:

Sean Lam (CEO)

Wooi Siang Lee (COO)

Sandra Cheim (CFO)

Azim Yazdani (CTO)

COMMENT:

Sean was formerly the director of fraud,security risk at Visa (Southeast Asia),,was also with PricewaterhouseCooper as a security,technology consultant.

Momentum

FUNDED

YES

TOTAL FUNDING

$1.55 M

DATE OF LAST FUNDING

Mar 2018

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

$500 K

SEED CLOSED ON

Jun 2016

SEED PRIOR FUNDING COMMENT

The company has received an undisclosed amount of investment from the Wells Fargo startup accelerator program in June 2016.

FUNDING SERIES

SERIES A  · $1.05 M  · Mar 2018

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

Singapore

Views:

450 VISITORS | 1003 VIEWS
LATEST FUNDING ROUND

$1.55 M

TOTAL EMPLOYEES
1-10

About

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.

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Momentum+
Traction+
People+
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