Fraugster
Fraugster
fraugster.com

Locations

Germany · London, UK · Berlin, Germany · Berlin, Germany

industry

Data and Analytics · DeepTech · Finance · Information Technology · Mobile, Platforms, and Apps · Security · Software

Size

11-50 employees

Stage

Series B

founded in

2014

Fraugster is a German-Israeli anti-fraud company that uses artificial intelligence to eliminate fraud and increase customers’ profits. Fraugster's journey began in 2014 with the vision to design and build an anti-fraud technology that can help create a fraud free world - one where no one has to care about managing risk again. After years of working in the payments industry, the founders experienced first-hand the challenges of fraud for e-commerce merchants. The founders discovered that all existing anti-fraud solutions were built on outdated technologies and therefore not good enough to deal with sophisticated cyber criminals. Existing rule-based systems as well as classical machine learning solutions are expensive and can't adapt to new fraud patterns in real-time, hence inaccurate.

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