Rippleshot

regtechauthentication and fraud preventionanalytics and machine learningbig data

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

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.

Focus

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.

MAIN CLIENTS

Banks

Merchants

Credit unions

Payment processors

PRIMARY PROBLEM SOLVED

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.

COMMENT

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.

Traction

VALUATION / MARKET CAP:

$8 M in 2015

TRACTION COMMENT:

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).

People

FOUNDERS

Canh Tran

Yueyu Fu

Randal Cox

BOARD MEMBERS AND ADVISORS

Gloria Colgan

NUMBER OF EMPLOYEES

1-10

INVESTORS:

CMFG Ventures

CUNA Mutual Group

Innotech Capitals

KDWC Ventures

KGC Capital

MasterCard Start Path

Plug and Play Tech Center

SixThirty

UMB Bank

Wintrust

KEY EMPLOYEES:

Canh Tran(CEO); Randal Cox(CTO); Lucas Ward(COO); Yueyu Fu(CPO)

Momentum

FUNDED

NO

TOTAL FUNDING

$2 M

DATE OF LAST FUNDING

Feb 2017

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Dec 2015

SEED PRIOR FUNDING COMMENT

The company has received non-equity assistance from Mastercard program(July 2015).

LISTED

NO

COMMENT

Venture funding: $2.6 M(Feb 2017).

Innovation Programs

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