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Rippleshot is transforming the way that banks and credit unions detect fraud through a cloud-based technology solution that leverages machine learning and data analytics to distinguish fraudulent activity more quickly and efficiently. Rippleshots award-winning technology processes millions of payment card transactions to proactively pinpoint when and where a data breach occurred. Following detection, Rippleshot provides financial institutions with the tools they need to update fraud detection rules in order to lower their fraud losses while avoiding unnecessary card re-issuance.
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.
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.
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.
VALUATION / MARKET CAP:
$8 M 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).
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Canh Tran(CEO); Randal Cox(CTO); Lucas Ward(COO); Yueyu Fu(CPO)
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SEED PRIOR FUNDING COMMENT
The company has received non-equity assistance from Mastercard program(July 2015).
Venture funding: $2.6 M(Feb 2017).
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