Rippleshot is a cloud-based technology platform to detect bank card data breaches. Rippleshot detects mass card compromises faster, allowing issuers and merchants the ability to enable more proactive mitigation strategies.
PRODUCTS & SERVICES:
Card fraud detection platform using predective analytics.
The company offers fraud analytics solutions for card issuers, processor & merchants.
The platform helps banks & merchants to detect fraud activity on real-time of their customer card transactions.
Rippleshot solved data breaches and preventing stolen card information problem for card users. Rippleshot offers a cloud-based card protection platform that uses data analytics and machine learning to detect a breach of card data, identify which customer's card is most likely to have seen fraudulent activity, and suggest strategies prevent future fraud loss.
Rippleshot leverages machine learning and data analytics technology to processes millions of payment card transactions in real-time to proactively pinpoint when and where a breach of card data occurred.
Canh Tran, Yueyu Fu, Randal Cox
Board Members and Advisors:
NUMBER OF EMPLOYEES:
KGC Capital, SixThirty, UMB Bank, Wintrust, Plug and Play Tech Center, Innotech Capitals, KDWC Ventures, CMFG Ventures, Mastercard Start Path, CUNA Mutual Group
Canh Tran(CEO); Randal Cox(CTO); Lucas Ward(COO); Yueyu Fu(CPO)
VALUATION / MARKET CAP:
$8 MM in 2015
Currently, Rippleshot is working with two large payment processors and several of their banks and credit unions with a total reach of over 5,000 banks(Feb 2017).
DATE OF LAST FUNDING:
SEED & PRIOR FUNDING:
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The company has received non-equity assistance from Mastercard program(July 2015).