Fraugster
Berlin
About Fraugster
Fraugster is a German-Israeli anti-fraud company that uses artificial intelligence to eliminate fraud and increase customers’ profits. Fraugster's journey began in 2014 with the vision to design and build an anti-fraud technology that can help create a fraud free world - one where no one has to care about managing risk again. After years of working in the payments industry, the founders experienced first-hand the challenges of fraud for e-commerce merchants. The founders discovered that all existing anti-fraud solutions were built on outdated technologies and therefore not good enough to deal with sophisticated cyber criminals. Existing rule-based systems as well as classical machine learning solutions are expensive and can't adapt to new fraud patterns in real-time, hence inaccurate.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 51 – 100
- Estimated revenue: $10K – $50K
- Total funding: $19.0M
- Funding stage: Early Stage Venture
- Last round: Series B (Nov 2018)
- Website: fraugster.com
Industries & Categories
Artificial Intelligence (AI), Big Data, Financial Services, FinTech, Fraud Detection
Social Profiles
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