Signifyd, a leader in card not present fraud prevention, secured a $205 million Series E round of funding, the company said via press release. The company is now valued at $1.34 billion. It will use the capital to expand its identity-centric fraud protection vision, and expand its global footprint.
Owl Rock Capital led the funding round. Financial services provider FIS, Canada Pension Plan Investment Board, and Neuberger Berman Investment Advisers also participated.
“Last year we saw ecommerce sales and influence propelled into 2025. And yet the online checkout experience is stuck in 2015,” said Raj Ramanand, CEO at Signifyd. “With this latest investment, Signifyd has the roadmap, the resources and technical talent to enable merchants to push the customer experience to that future state — and to keep pushing it forward for years to come.”
Kurt Tenenbaum, a managing director at Owl Rock, cited Signifyd’s Commerce Protection Platform as a key factor in their decision to lead the funding round. COVID-19 has significantly altered the card not present fraud prevention landscape, presenting new challenges to merchants across verticals. Meeting them will require new methodologies which both incorporate and evolve techniques that have proven successful in the past.
“We were thrilled to partner with Signifyd to enable the further growth and adoption of their differentiated and compelling offering, which is able to provide merchants with the frictionless and secure ecommerce solutions that we believe are important in today and tomorrow’s retail marketplace,” Tenenbaum said. “The team at Signifyd have built the type of leading technology company we seek to invest in, and we could not be more excited about what the future holds for the company.”
Source: https://www.signifyd.com/blog/2021/04/15/signifyd-closes-205-million-investment/
