Riskified, a Tel Aviv, Israel-based provider of a risk enablement platform that aims to increase sales for e-commerce companies, raised $1.65m in seed funding.
Backers included international investors Genesis Capital Partners, Formation 8, Founder Collective, Entree Capital, The Accelerator Group and T5 Capital.
The company intends to use the funds for growth and development of its platform.
Co-Founded in 2012 by Eido Gal and Assaf Feldman, Riskified provides e-commerce companies with a proprietary risk enablement platform to increase sales by verifying, approving and guaranteeing high risk transactions.
Retailers determine which transactions to review and pay only when a transaction is approved. All approved transactions carry a 100% money back guarantee.