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 and seamless payments solutions for their customers and detect fraudulent transactions. This Tel Aviv-based startup was valued at $3.3 billion.
Riskified Recent Developments
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.
Ownership: - RSKD (NYSE)
Number of Employees: 715
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K31, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Riskified Key Enterprise and Cloud Applications
Riskified Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Riskified Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Riskified Enterprise Applications Revenues By Functional Markets, $M:
Riskified Enterprise Applications Revenues By Verticals, $M:
Riskified Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Riskified Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Riskified Customers - Breakdown by Geo, Size, Vertical and Product
No. of Riskified Customers: 2000+
No. of Riskified Enterprise Applications Customers: 2000+
No. of Riskified Cloud Customers: 2000+
No. of Riskified Cloud Subscribers: x
Founded in 2013, 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
In June 2022, 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
In July 2022, Riskified went public on the New York Stock Exchange under the ticker RSKD.
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 in order to boost earnings.
Riskified Ecosystem, Partners, Resellers and SI
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
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).
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