Riskified announces major Series E funding round

Payments and fraud prevention solutions provider, Riskified, has closed a Series E funding round of $165 million, led by General Atlantic, at a valuation of more than $1 billion.

Other participants included Fidelity Management & Research Company and Winslow Capital Management.

“We began as a new and unproven approach to fraud prevention and payments. Achieving success required merchants to believe in our vision and partner with us,” says Eido Gal, CEO and Co-founder, Riskified.

“This announcement is a testament to those partnerships and the leadership position we attained in this important market. These funds will allow us to continue to develop innovative solutions that help move commerce forward.”

“Our work in the payments space has shown us that Riskified’s machine learning-based approach provides material improvements over legacy fraud and risk management solutions,” comments Aaron Goldman, Managing Director and Co-Head at General Atlantic’s Financial Services sector.

“We believe that the Riskified team is strategically positioned to continue capturing this substantial market opportunity.”