Riskified Ltd.
| General Information | |
| Business: | Riskified Ltd. was created to provide a fraud-management platform for online merchants.
We have built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, our platform identifies the individual behind each online interaction, helping merchants — our customers — eliminate risk and uncertainty from their business. We drive higher sales and reduce fraud and other operating costs for our merchants and strive to provide superior consumer experiences, as compared to our merchants’ performance prior to onboarding us.
We believe legacy fraud platforms and rules-based, in-house solutions are frequently slow, inaccurate, expensive and inflexible. They can often produce the wrong decision—by rejecting good transactions or accepting fraudulent ones—which causes merchants to either lose revenue or incur unnecessary expenses in the form of chargebacks and other fees.
Our eCommerce risk management platform is built to solve these problems with proprietary machine learning models that drive an automated decisioning engine. We have designed our platform to be fast, accurate, scalable and cost-effective. It supports our core chargeback guarantee product—which optimizes merchant approval rates—as well as other products that mitigate similar eCommerce risks for those same merchants.
(Note: Riskified priced its IPO on July 28, 2021, at $21 – above its $18-to-$20 range – and sold 17.5 million shares, the same number of shares in the prospectus, to raise $367.5 million.)
|
| Industry: | COMPUTER PROGRAMMING, DATA PROCESSING |
| Employees: | 615 |
| Founded: | 2012 |
| Contact Information | |
| Address | Riskified Ltd. 30 Kalischer Street Tel Aviv 6525724, Israel |
| Phone Number | |
| Web Address | http://www.riskified.com/ |
| View Prospectus: | Riskified Ltd. |
| Financial Information | |
| Market Cap | $2992.12mil |
| Revenues | $187.6 mil (last 12 months) |
| Net Income | $-52.7 mil (last 12 months) |
| IPO Profile | |
| Symbol | RSKD |
| Exchange | NYSE |
| Shares (millions): | 17.5 |
| Price range | $21.00 - $21.00 |
| Est. $ Volume | $367.5 mil |
| Manager / Joint Managers | Goldman Sachs/ J.P. Morgan/ Credit Suisse/ Barclays/ KeyBanc Capital Markets/ Piper Sandler/ Truist Securities/ William Blair |
| CO-Managers | Loop Capital Markets/ Ramirez & Co./ Siebert Williams Shank/ Stern |
| Expected To Trade: | 7/29/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |