Israel has become a hotbed for startups in the fields of identity verification and fraud prevention. The IDF Unit 8200 develops systems for gathering intelligence, automatically sifting through data to flag dangers, and escalating serious threats for manual review.
Riskified (a Genesis Partners company) uses these systems to help retailers recoup millions in revenue from fraud loss while gaining customers that would otherwise have been rejected. The company closed 2015 on a run rate of $3 billion in approved transaction volume for global retailers including Burberry, Wish and Viagogo, and just announced a new funding round of $25 million. […Read More]