Forter
Founded Year
2013Stage
Series F | AliveTotal Raised
$525MValuation
$0000Last Raised
$300M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-8 points in the past 30 days
About Forter
Forter specializes in identity intelligence for digital commerce, focusing on fraud prevention and customer security across digital platforms. The company provides services including fraud management, payment optimization, chargeback recovery, identity protection, and abuse prevention, aimed at improving security and efficiency in online transactions. Forter's solutions are utilized by sectors within the digital commerce industry to support processes for businesses and consumers. Forter was formerly known as Ryzyco. It was founded in 2013 and is based in New York, New York.
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Forter's Product Videos
ESPs containing Forter
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The payments fraud detection & prevention market offers a range of technologies helping businesses detect and block anomalous payment activity. Vendors in this market cater to many different industries, from financial services to e-commerce. These solutions cover a range of different types of financial fraud like chargebacks, ACH, wire, and credit card fraud. Most providers leverage advanced techn…
Forter named as Outperformer among 15 other companies, including Oracle, Mastercard, and Fiserv.
Forter's Products & Differentiators
Forter Payment Protection
Forter’s Payment Protection platform provides accurate, real-time decisions for every transaction -- allowing more good buyers to make purchases while keeping fraud out. The Payment Protection platform includes solutions to help merchants deal with transaction fraud, phone fraud, and omnichannel fraud. Additionally, the platform offers solutions to help with PSD2 protection, Forter’s Trusted Authorization solution to connect merchants directly with issuing banks, and Forter’s 100% chargeback guarantee to erase chargeback costs from a merchant’s bottom line.
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Research containing Forter
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Forter in 8 CB Insights research briefs, most recently on Mar 18, 2024.
Mar 14, 2024
The retail banking fraud & compliance market map
Feb 27, 2023 report
Top fraud prevention companies — and why customers chose them
Apr 19, 2022 report
Why payments leaders are prioritizing fraud preventionExpert Collections containing Forter
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Forter is included in 11 Expert Collections, including E-Commerce.
E-Commerce
11,462 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,270 items
Payments
3,136 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech 100
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tech IPO Pipeline
825 items
Conference Exhibitors
5,302 items
Forter Patents
Forter has filed 5 patents.
The 3 most popular patent topics include:
- online payments
- payment service providers
- payment systems
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/8/2016 | 8/1/2017 | Rules of inference, Data management, Information technology management, Transaction processing, Internet culture | Grant |
Application Date | 1/8/2016 |
|---|---|
Grant Date | 8/1/2017 |
Title | |
Related Topics | Rules of inference, Data management, Information technology management, Transaction processing, Internet culture |
Status | Grant |
Latest Forter News
Apr 9, 2025
Forter, a provider of identity-intelligence technology, announced early Monday several enhancements to its Payment Optimization technology aimed at increasing authorization rates and detecting account-takeover attempts. Forter is testing what it calls a predictive-payment routing app that recommends when and how to use payment authentication, as well as the best processor and card network over which to route the transactions, and use of a network token for each transaction. The app will help merchants increase authorization rates and reduce costs by enabling them to input their payment strategies into the model, the company says. In addition, New York-based Forter is rolling out a predictive-decisioning model to detect GenAI agents, which can shop and interact on behalf of consumers. The ability to detect these agents will enable businesses to reduce fraud by distinguishing the good agents, also known as bots that assist shoppers, from bad agents that can be used for malicious purposes. The new predictive-decisioning model can improve a merchant’s ability to spot device-takeover attempts by 20%, and boost detection of spot-connection manipulation techniques, including the use of proxies and virtual private networks, by 15%. Forter introduced the enhancements in response to the growing use and sophistication of account-takeover and connection-manipulation attacks, the company says. Forter has also added a GenAI feature that generates plain-text explanations of its decisions and highlights key information about the user, transaction, and network insights. “Changing consumer behavior, advanced GenAI technology, sophisticated fraud and new regulations have all fundamentally changed [digital commerce],” Cyndy Lobb, chief product officer for Forter, says in a statement. “Our focus is on helping businesses stay a step ahead, tackling their payments, fraud, and identity challenges head-on, all within one platform.” In addition to the enhancements. Forter has achieved Premier Partner status in Shopify’s Enterprise Technology Partner program, an invitation-only program for software developers and vendors that create apps and integrations for the Shopify platform. The Shopify technology partner program provides developers and vendors access to exclusive resources and new features, according to the company. Share
Forter Frequently Asked Questions (FAQ)
When was Forter founded?
Forter was founded in 2013.
Where is Forter's headquarters?
Forter's headquarters is located at 575 Fifth Avenue, New York.
What is Forter's latest funding round?
Forter's latest funding round is Series F.
How much did Forter raise?
Forter raised a total of $525M.
Who are the investors of Forter?
Investors of Forter include Scale Venture Partners, March Capital, NewView Capital, Samsung NEXT, Salesforce Ventures and 17 more.
Who are Forter's competitors?
Competitors of Forter include Vesta, ClearSale, Resistant AI, DataVisor, Fraud.net and 7 more.
What products does Forter offer?
Forter's products include Forter Payment Protection and 4 more.
Who are Forter's customers?
Customers of Forter include TAG Heuer, SNIPES, Priceline, Delivery.com and Nordstrom.
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Compare Forter to Competitors
Sift operates in the fields of cybersecurity and financial technology. Its main offerings include a platform that uses machine learning and user identity verification to address fraud, including account takeover, payment fraud, and policy abuse. Sift serves sectors that require digital trust solutions, such as e-commerce, fintech, and online marketplaces. Sift was formerly known as Sift Science. It was founded in 2011 and is based in San Francisco, California.
Signifyd provides e-commerce fraud protection and prevention services. The company offers services, including revenue protection, abuse prevention, and payment compliance, all aimed at maximizing conversion and eliminating fraud and consumer abuse. Its services primarily cater to the e-commerce industry. Signifyd was founded in 2011 and is based in San Jose, California.
Shield is a device-first risk AI platform that specializes in fraud prevention and risk intelligence within the digital business sector. The company offers solutions to identify and eliminate fraudulent activities through global standard device identification and actionable risk intelligence. Shield primarily serves industries such as ride-hailing, social media, e-commerce, digital banking, and gaming. Shield was formerly known as CashShield. It was founded in 2008 and is based in Singapore.
Vesta specializes in fraud prevention and payment processing for the telecommunications sector. The company offers AI-driven fraud detection and prevention services, payment processing, and risk management solutions to telecoms. Vesta was formerly known as Carrier Services. It was founded in 1995 and is based in Lake Oswego, Oregon.
FUGU specializes in payment fraud prevention and operates within the financial technology sector. The company offers a suite of services that analyze transactions throughout the entire lifecycle, from pre-checkout to post-purchase, to identify and prevent various types of fraud, automate Know Your Customer (KYC) verifications, and manage chargebacks. FUGU's solutions are designed to reduce false declines, minimize operational costs, and provide a chargeback guarantee to online sellers and payment service providers. It was founded in 2017 and is based in Tel Aviv, Israel.
Arkose Labs specializes in online fraud and abuse prevention within various business sectors. The company offers a suite of security solutions designed to protect against automated attacks, account takeovers, and fraudulent account creation. Arkose Labs primarily serves sectors such as financial services, e-commerce, gaming, technology, and telecommunications. Arkose Labs was formerly known as FunCaptcha. It was founded in 2016 and is based in San Mateo, California.
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