• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Signifyd offers a guaranteed fraud protection solution for online merchants which helps them to reduce fraud and chargebacks. In case of a fraudulent chargeback, it pays back the chargeback fees to the merchant within 48 hours. It leverages machine learning to automate fraud prevention that enables businesses to reduce risk and increase sales at the same time. Signifyd can be integrated on the existing e-commerce platform through an API.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
The company has major customers from e-commerce industry. Some of its customers: Makerbot, chegg, Zentail, Misfit, Zepp, build.com, HSN, Lumo Lift, Isaora, Wayfair, Petflow, Areatrend, Haven, Netaya, GearX.com, Lensrentals, UBIQ, Lumoid, Roden Gray, Campsaver, Pure Fix, Greats, Progenex, iRobot, Stance, Wayfair, etc.
EXISTING PARTNERSHIPS:
Some of its partners; Salesforce Commerce Cloud, Magento, Accertify, ThreatMetrix, Shopify, Collins Harper, Praxis, etc.
COMMENT
Signifyd uses machine learning algorithms to analyze thousands of data points from various data providers to verify orders in real-time. Signifyd automates back-office operations including auto-fulfill and auto-cancel on orders and makes it easy for merchants to get paid for chargebacks.

PEOPLE

MEDICI analysts will analyze Signifyd soon

TRACTION

VALUATION / MARKET CAP:
$400 MM in 2018
VALUATION COMMENT
Third-party sources claims that the company's valuation is around $400M to $600M.
REVENUE:
$10M+ in 2017
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS COMMENT:
The company claims that it has protected sales orders worth $9.1B till date. (May 2018)
ACTIVE USERS COMMENT:
The platform is being used by more than 10,000 e-commerce merchants. (May 2018)
OTHER INFO:
The fraud detection and prevention market is estimated to reach nearly $42B by 2022.
COMMENT:
The company is planning to open an office in Barcelona in next year to expand its operations in Europe.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$185 Million
DATE OF LAST FUNDING:
May 2018
TOTAL FUNDING COMMENT:
The company is planning to use its funds to further accelerate its growth with global enterprise and omnichannel retailers to provide friction-free e-commerce to their customers. (May 2018)
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Dec 2012
FUNDING SERIES:
SERIES A
$7 Millions Closed: Jun 2015
SERIES B
$20 Millions Closed: Feb 2016
SERIES C
$56 Millions Closed: May 2017
SERIES D
$100 Million Closed: May 2018
LISTED:
NO
COMMENT:
There is a mismatch between total funding amount and overall funding rounds raised by the company.

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