Fraud Detection Platform Riskifield Raises $25M

February 11, 2016 | Israeli fraud prevention platform Riskifield has raised $25 million in a round led by Qumra Capital with participation from The Phoenix Holdings, NTT DOCOMO Ventures, and existing investors, Genesis Partners and Entrée Capital. The new funding will enable the company to further develop and market its products to global retailers; Burberry, Wish and Viagogo are already customers. Founded in 2012 by CEO Eido Gal and CTO Assaf Feldman, Riskified has developed an e-commerce fraud prevention platform, which makes it easier for online merchants to accept high risk credit card transactions. In other words, the company reviews, approves and guarantees transactions that merchants might otherwise decline. The company also offers 100 percent money back guaranteed in the event that it approves a fraudulent transaction.