Riskified Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Riskified Strengths, Domain Expertise, and Key Differentiators

Riskified is a fraud management company whose goal is to make online shopping fraud-free. Using machine learning algorithms, the company helps banks and businesses build secure payment solutions for their customers and detect fraudulent transactions. This Tel Aviv-based startup was valued at $3.3 billion.

Riskified Recent Developments

In January 2024, Riskified expanded the Dispute Resolve platform. The enhanced solution now allows merchants to centralize and efficiently manage all chargebacks, leveraging advanced automation to minimize manual efforts.

In May 2022, Riskified announced the addition of technology leader Ravi Kumaraswami as President of Worldwide Field Operations. Kumaraswami joins as the company looks to further capitalize on its market position and drive future growth. Kumaraswami will lead Riskified’s global field operations and oversee all sales, marketing, and strategic partnership efforts.

In May 2021, Riskified launched the latest version of Deco, a real-time solution for recovering orders lost to card-not-present payment authorization failures. Payment authorization failures are a significant, often hidden, source of revenue loss for eCommerce merchants. Deco enables merchants to address payment authorization failures in an automated fashion.

Riskified Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Riskified applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Riskified and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Riskified Platform customers.

Riskified Key Enterprise and Cloud Applications

Riskified Platform

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Riskified Direct vs Indirect sales

Riskified Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Riskified Customers

No. of Riskified Customers: 2000

No. of Riskified Enterprise Applications Customers: 2000

No. of Riskified Cloud Customers: 2000

No. of Riskified Cloud Subscribers: x

Riskified serves more than 2,000 customers around the world. Among its customers are PRADA, Ticketmaster, Finish Line, Wayfair, Wish, Trip.com, Peloton Interactive, Jimmy Jazz, Kiwi.com, Air Europa, Brooklinen, ALDO, ViajaNet, SSENSE, Snaptravel, eSky, Daniel Wellington, Miu Miu, KIKO Milano, Dolce & Gabbana and many others

Riskified Market Opportunities, M&A and Geo Expansions

Riskified partnered with Kogan.com Australia’s online retailer. Riskified’s machine learning solution will help increase Kogan.com’s operational efficiency and deliver a more secure and frictionless shopping experience for Kogan.com’s loyal customers.

In November 2019, Riskified closed a Series E funding round of $165 million, led by global growth investor General Atlantic, at a valuation of more than $1 billion. The proceeds will be primarily used by Riskified to more rapidly scale its business domestically and internationally and to expand its product footprint.

Riskified Risks and Challenges

Public companies are faced with the added pressure of the market which may cause them to focus more on short-term results rather than long-term growth. The actions of the company's management also become increasingly scrutinized as investors constantly look for rising profits. This may lead management to use somewhat questionable practices to boost earnings.

Riskified Ecosystem, Partners, Resellers and SI

In August 2023, Riskified announced a partnership with global payments leader Mastercard. This partnership will improve the ability of businesses across the globe to grow online revenues and profit while mitigating the risk of fraud and chargebacks. Also breaks new ground in the e-commerce fraud space by marrying insights from Mastercard’s cybersecurity products and solutions with Riskified’s extensive transaction and identity network.

In July 2022, Riskified and Axerve, an Italy-based payments hub that has developed a platform for orchestrating payments worldwide launched an extended strategic partnership to offer Riskified’s machine learning solutions, including PSD2 Optimize, to Axerve’s portfolio of customers. One of Axerve’s first clients to implement PSD2 Optimize, KIKO Milano, saw an exemption of nearly 99% of orders from Strong Customer Authentication (SCA) using Transaction Risk Analysis (TRA), and a more than 10% increase in approval rates for transactions.

Riskified Cloud Infrastructure Insights

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• Riskified Public Cloud and Infrastructure (IaaS)
• Riskified Platform (PaaS)
• Riskified Application Delivery
• Riskified Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: