The fraud detection industry is essential in safeguarding financial transactions and protecting businesses from fraudulent activities. This sector comprises various companies that utilize technology, particularly artificial intelligence and machine learning, to develop solutions that detect, prevent, and manage fraud effectively. As fraud schemes evolve, these firms continually enhance their offerings to address growing threats, incorporating real-time alerts and data analysis to improve their effectiveness. Trends show an increasing reliance on comprehensive data-driven approaches for fraud prevention across industries, signaling a promising future for innovators in this space as they adapt to ever-changing risks.

This listing showcases 21 fraud detection companies, reflecting a range of sizes and innovative focuses. Operating from various countries, including the United States, Canada, and Brazil, these firms were founded between 1995 and 2024. Their expertise spans verticals such as fintech, e-commerce, and healthcare, providing advanced solutions like identity verification, transaction monitoring, and payment protection. With both venture-backed startups and established enterprises, the variety portrayed in this listing highlights the industry's vibrant ecosystem dedicated to combating fraud.

Continue reading to explore the top fraud detection companies.

Top 21 Fraud Detection Companies

1. Fraud.net

• Website: fraud.net
• Ownership type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 87%, Germany 6%, India 6%
• Latest funding: Series A, $5.0M, September 2019
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: fraud-net

Fraud.net is a technology company based in New York, specializing in AI-driven fraud detection and risk management solutions. Established in 2015, the company has developed a comprehensive suite of products designed to help businesses mitigate fraud risks and enhance transaction security. Their offerings include advanced identity verification services, transaction monitoring, and continuous risk assessment tools. Fraud.net serves a variety of sectors, including financial services, e-commerce, and gaming, providing tailored solutions that adapt to the unique challenges faced by each industry. The company operates on a subscription model, allowing clients to scale their fraud prevention efforts as needed. In 2019, Fraud.net secured $5 million in Series A funding, reflecting strong investor interest in their innovative approach to combating fraud.

2. Sift

• Website: sift.com
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: United States (USA) 81%, Ukraine 13%, United Kingdom (UK) 2%, Other 4%
• Latest funding: February 2022
• Founded year: 2011
• Headcount: 201-500
• LinkedIn: getsift

Sift, founded in 2011 and based in San Francisco, California, is a software company that specializes in AI-powered fraud decisioning solutions. With a workforce of approximately 337 employees, Sift provides essential services such as Payment Protection and Account Defense, primarily targeting businesses in the fintech and e-commerce sectors. Their platform is designed to help clients mitigate fraud risks and enhance security through a subscription-based model. Sift's technology leverages a vast data consortium, enabling businesses to gain insights and tools necessary for protecting their operations against various types of fraud, including account takeovers and payment fraud. The company has established itself as a significant player in the fraud detection industry, evidenced by its partnerships and the recognition it has received from industry analysts.

3. Kount, an Equifax Company

• Website: kount.com
• Ownership type: Corporate
• Headquarters: Boise, Idaho, United States (USA)
• Employee distribution: United States (USA) 95%, Other 5%
• Latest funding: $640.0M, January 2021
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: kount

Kount, an Equifax Company, is a technology firm based in Boise, Idaho, that specializes in trust and safety solutions. Founded in 2007, Kount has carved out a significant niche in the fraud detection industry by offering a suite of services that includes fraud detection, identity verification, and compliance management. Their platform is designed to help businesses across various sectors mitigate risks associated with fraud and chargebacks. Kount employs advanced machine learning techniques and utilizes a robust data network, which allows them to provide tailored solutions that meet the specific needs of their clients. The company serves a wide range of industries, including eCommerce, healthcare, online gaming, and more, demonstrating their adaptability and relevance in the market. In January 2021, Kount secured $640 million in funding, underscoring their financial strength and commitment to innovation in fraud prevention technology.

4. Feedzai

• Website: feedzai.com
• Ownership type: Venture Capital
• Headquarters: Lisbon, Lisbon, Portugal
• Employee distribution: Portugal 66%, United States (USA) 13%, United Kingdom (UK) 6%, Other 16%
• Latest funding: September 2021
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: feedzai

Feedzai, founded in 2011 and headquartered in Lisbon, Portugal, is a financial technology company that specializes in fraud detection and risk management solutions. With a workforce of approximately 716 employees, Feedzai leverages advanced machine learning technology to assist retail banks, corporate banks, fintechs, and payment service providers in identifying and mitigating fraudulent transactions in real-time. Their product offerings include transaction fraud detection, AML transaction monitoring, and KYC compliance solutions, which are designed to enhance security and trust in financial transactions. The company has gained recognition for its innovative approach to financial crime prevention, serving a client base that includes 80% of the world's Fortune 500 companies. Feedzai's solutions are tailored to meet the needs of various industries, ensuring that they remain relevant and effective in the ever-evolving landscape of financial crime.

5. Verafin

• Website: verafin.com
• Ownership type: Corporate
• Headquarters: St. John'S, Newfoundland And Labrador, Canada
• Latest funding: $2.8B, November 2020
• Founded year: 2003
• Headcount: 1001-5000
• LinkedIn: verafin

Verafin, founded in 2003 and based in St. John's, Newfoundland and Labrador, Canada, is a financial technology company that specializes in financial crime management solutions. The company provides a comprehensive suite of products aimed at helping financial institutions detect and prevent fraud, comply with regulatory requirements, and manage high-risk customers. Their offerings include fraud detection for various payment methods, anti-money laundering solutions, and high-risk customer management. Verafin's clientele primarily consists of banks and credit unions, which rely on their advanced analytics and software solutions to address the growing challenges of financial crime. In November 2020, Verafin secured a significant funding amount of $2.75 billion, highlighting their strong position in the market and their potential for continued innovation and expansion in the financial crime management sector.

6. Sift Science, Inc.

• Website: siftscience.com
• Ownership type: Private
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: sift-science-inc.

Sift Science, Inc. is a technology firm based in San Francisco, California, founded in 2011. The company focuses on AI-driven fraud decisioning solutions, providing services that help businesses protect against various forms of fraud, including payment fraud, account takeovers, and chargeback fraud. Sift's platform leverages advanced analytics and machine learning to enhance security and customer trust across multiple sectors, particularly in E-Commerce and Fintech. With a workforce of approximately 321 employees, Sift has built a reputation for its innovative approach to fraud prevention, evidenced by its numerous patents and recognition in industry reports. The company collaborates with a wide range of clients, utilizing a vast data consortium to inform its fraud detection strategies and improve operational efficiency for its customers.

7. BioCatch

• Website: biocatch.com
• Ownership type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Employee distribution: Israel 53%, United States (USA) 13%, Australia 8%, Other 26%
• Latest funding: $1.3B, May 2024
• Founded year: 2011
• Headcount: 201-500
• LinkedIn: biocatch

BioCatch, founded in 2011 and based in New York, is a cybersecurity firm that focuses on fraud prevention through behavioral biometrics. The company provides solutions designed to protect financial institutions from various forms of fraud, including account opening fraud, account takeover, and social engineering scams. With a workforce of approximately 389 employees, BioCatch has established itself as a trusted partner for over 100 major banks and fintech companies worldwide. Their technology leverages behavioral data to enhance security measures, allowing clients to safeguard their customers' financial assets while maintaining a seamless user experience. In May 2024, BioCatch secured $1.3 billion in funding, underscoring its growth trajectory and the increasing demand for advanced fraud detection solutions in the digital banking space.

8. Socure

• Website: socure.com
• Ownership type: Private Equity
• Headquarters: Incline, Nevada, United States (USA)
• Employee distribution: United States (USA) 68%, India 31%, Other 1%
• Latest funding: Other (Debt), $95.0M, March 2023
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: socure

Socure, founded in 2012 and based in Incline, Nevada, is an identity verification platform that focuses on fraud prevention and compliance. The company serves a wide array of clients, including financial institutions and government agencies, by providing real-time identity verification services. Socure's technology leverages artificial intelligence and machine learning to deliver accurate and efficient identity verification, aiming to eliminate identity fraud and streamline customer onboarding processes. With over 2,600 customers, Socure has established itself as a key player in the industry, helping organizations reduce fraud while maintaining a positive customer experience. The company recently secured $95 million in funding in March 2023, further solidifying its position in the market and enabling continued innovation in fraud detection solutions.

9. Seon

• Website: seon.io
• Ownership type: Venture Capital
• Headquarters: Austin, Texas, United States (USA)
• Employee distribution: Hungary 69%, United States (USA) 19%, United Kingdom (UK) 11%, Other 2%
• Latest funding: Series B, $94.0M, April 2022
• Founded year: 2017
• Headcount: 201-500
• LinkedIn: seon-tech

Seon is a technology company based in Austin, Texas, specializing in fraud prevention and anti-money laundering (AML) compliance solutions. Founded in 2017, Seon has developed a suite of services that includes digital footprint analysis, device intelligence, and AI-driven fraud detection. Their offerings are designed to help businesses mitigate risks associated with fraud while ensuring compliance with regulatory requirements. Seon operates on a Software as a Service (SaaS) model, providing scalable solutions tailored to various sectors, including financial services, retail, and fintech. The company has gained traction in the industry, evidenced by its recent Series B funding round of $94 million in April 2022, which underscores its growth trajectory and commitment to innovation in fraud prevention.

10. HS Prevent

• Website: hsprevent.com.br
• Ownership type: Private
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Employee distribution: Brazil 100%
• Founded year: 2007
• Headcount: 501-1000
• LinkedIn: hsprevent

HS Prevent, founded in 2007 and based in Sao Paulo, Brazil, is a private consulting firm dedicated to providing fraud prevention solutions. The company employs around 600 professionals and serves a variety of sectors, including finance, e-commerce, telecommunications, and education. HS Prevent's services include a complete analysis pipeline, a fraud risk engine, and personalized consulting aimed at enhancing security processes for its clients. The firm prides itself on its ethical practices and commitment to continuous improvement, which is reflected in its recent achievement of ISO 27001 certification. With a robust operational framework, HS Prevent conducts over 80,000 analyses daily, showcasing its capacity to address the complex challenges of fraud in today's digital landscape.

11. Forter

• Website: forter.com
• Ownership type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Employee distribution: Israel 41%, United States (USA) 35%, United Kingdom (UK) 11%, Other 14%
• Latest funding: July 2022
• Founded year: 2013
• Headcount: 501-1000
• LinkedIn: forter

Forter is a New York-based company specializing in fraud prevention and digital commerce solutions. Established in 2013, Forter provides a comprehensive suite of services designed to help businesses secure their transactions and enhance customer trust. Their offerings include fraud management, payment optimization, chargeback recovery, identity protection, and abuse prevention. Forter primarily serves clients in the digital commerce sector, addressing the growing challenges of online fraud. The company has built a reputation for its effective solutions that not only combat fraud but also improve transaction approval rates and customer experiences. With a workforce of approximately 729 employees, Forter operates across multiple countries, including significant operations in Israel and the United Kingdom. Their innovative approach and focus on identity intelligence have positioned them as a notable player in the fraud detection industry.

12. ComplyAdvantage

• Website: complyadvantage.com
• Ownership type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 58%, Romania 19%, United States (USA) 10%, Other 14%
• Latest funding: Series C, $20.0M, May 2021
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: complyadvantage

ComplyAdvantage, founded in 2014 and based in London, is a private equity-backed RegTech company that focuses on financial crime risk management. The firm provides AI-driven software solutions designed to help organizations comply with regulations and mitigate risks associated with financial crimes, including fraud. Their product suite includes customer screening, company screening, ongoing monitoring, transaction monitoring, and payment screening. ComplyAdvantage serves a wide range of industries, including banks, cryptocurrency firms, insurance companies, and early-stage startups. The company has gained traction in the market, with over 1,600 clients across more than 200 countries. In May 2021, they secured $20 million in Series C funding, which supports their ongoing development and expansion efforts in the financial crime prevention space.

13. Risk Ident

• Website: riskident.com
• Ownership type: Private
• Headquarters: Hamburg, Hamburg, Germany
• Employee distribution: Germany 97%, Ukraine 3%
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: risk-ident-gmbh

Risk Ident, founded in 2012 and based in Hamburg, Germany, is a private company that specializes in fraud prevention software. The firm focuses on online fraud detection and offers solutions tailored for sectors such as E-Commerce, Finance, and Telecommunications. Their flagship products, FRIDA and DEVICE IDENT, leverage machine learning to analyze transaction data and identify suspicious activities in real-time. Risk Ident positions itself not just as a technology provider but as a partner in fraud prevention, offering consulting services to help clients develop effective strategies against fraud. The company has made significant strides in the industry, preventing substantial financial losses for its clients and actively participating in initiatives to raise awareness about online fraud. With a dedicated team of experts, Risk Ident continues to evolve its offerings to combat the ever-changing tactics of online fraudsters.

14. Accertify, Inc.

• Website: accertify.com
• Ownership type: Private Equity
• Headquarters: Itasca, Illinois, United States (USA)
• Employee distribution: India 58%, United States (USA) 30%, Spain 5%, Other 7%
• Latest funding: January 2024
• Founded year: 2007
• Headcount: 501-1000
• LinkedIn: accertify-inc-

Accertify, Inc., founded in 2007 and based in Itasca, Illinois, is a private equity-owned company that specializes in risk management solutions with a focus on fraud prevention and transaction security. The firm offers a comprehensive suite of services designed to help businesses mitigate risks associated with online transactions. Their platform includes features such as account protection, fraud detection, abuse protection, payment optimization, and chargeback management. Accertify has established itself as a trusted partner for numerous major brands across various industries, providing them with the tools necessary to enhance customer trust and secure their operations. The company has processed over 7.6 billion e-commerce transactions and prevented more than $9 billion in potential fraud losses, showcasing their significant impact in the industry. With a workforce of around 710 employees, Accertify combines deep industry expertise with advanced technology to deliver effective risk management solutions.

15. Vesta

• Website: trustvesta.com
• Ownership type: Private
• Headquarters: Lake Oswego, Oregon, United States (USA)
• Founded year: 1995
• Headcount: 501-1000
• LinkedIn: vesta-corporation

Vesta is a technology-driven company based in Lake Oswego, Oregon, founded in 1995. It specializes in fraud protection and payment processing services tailored for telecommunications companies. Vesta leverages advanced artificial intelligence and machine learning to enhance risk decisioning, aiming to improve customer experiences during transactions. The company has processed over $50 billion in telecom volume, which has allowed it to build sophisticated risk models. Vesta operates globally, providing solutions that enable telecom partners to focus on growth while effectively managing fraud. Their services include comprehensive fraud risk decision support, payment orchestration, and payment processing, all designed to combat the challenges of fraud in the telecom sector.

16. Vesta

• Website: vesta.io
• Ownership type: Venture Capital
• Headquarters: Lake Oswego, Oregon, United States (USA)
• Employee distribution: United States (USA) 64%, Ireland 19%, Mexico 8%, Other 9%
• Latest funding: April 2025
• Founded year: 1995
• Headcount: 201-500
• LinkedIn: vesta-corporation

Vesta, founded in 1995 and based in Lake Oswego, Oregon, is a technology-driven company that specializes in fraud protection and payment processing services tailored for telecommunications providers. With a workforce of approximately 351 employees, Vesta has established itself as a key player in the fight against prepaid wireless fraud. The company leverages sophisticated AI and machine learning algorithms to optimize fraud detection and enhance customer experiences during the payment process. Vesta's global reach allows it to serve clients in over 40 countries, processing significant transaction volumes and providing 24/7 support to combat fraud in real-time. Their strategic partnerships, including a collaboration with Stripe, further bolster their capabilities in payment processing and fraud management. Vesta's focus on compliance with industry standards, such as PCI and SOC, underscores its commitment to security and reliability in the financial transactions it oversees.

17. Fraudio

• Website: fraudio.com
• Ownership type: Private Equity
• Headquarters: Amsterdam, North Holland, Netherlands
• Employee distribution: Netherlands 76%, Spain 12%, Portugal 12%
• Latest funding: Seed, $2.1M, March 2023
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: early-stage-ai-fintech-in-payments

Fraudio, based in Amsterdam, is a technology company that specializes in payment fraud detection and anti-money laundering solutions. Founded in 2019, the company has quickly established itself in the financial technology sector by offering a suite of services aimed at helping businesses, including merchants and financial institutions, combat fraudulent transactions and adhere to regulatory requirements. Their solutions leverage advanced artificial intelligence and machine learning to provide real-time monitoring and alerts, ensuring efficient fraud management. Recently, Fraudio secured seed funding of approximately €2.1 million in March 2023, which underscores investor confidence in their innovative approach. The company’s offerings include card payment fraud detection, merchant-initiated fraud detection, and anti-money laundering solutions, all designed to be easily integrated and scalable, catering to the evolving needs of their clients.

18. DataVisor

• Website: datavisor.com
• Ownership type: Venture Capital
• Headquarters: Mountain View, California, United States (USA)
• Employee distribution: United States (USA) 63%, China 19%, Canada 14%, Other 4%
• Latest funding: May 2023
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: datavisor

DataVisor, founded in 2013 and based in Mountain View, California, is a fraud prevention software company that provides sophisticated risk management solutions primarily for the financial services sector. The company focuses on helping banks, credit unions, fintechs, and digital payment platforms combat various forms of fraud, including application fraud, account takeover, and compliance with anti-money laundering regulations. DataVisor's platform utilizes advanced AI and machine learning technologies to deliver real-time fraud detection and decision-making capabilities. Their solutions are designed to streamline operations, reduce false positives, and enhance customer onboarding processes. With a workforce of approximately 158 employees, DataVisor has established itself as a significant player in the fraud detection industry, catering to a global clientele and adapting to the evolving challenges of financial crime.

19. Nf

• Website: nofraud.la
• Ownership type: Private
• Headquarters: Medellin, Antioquia, Colombia
• Employee distribution: Colombia 59%, France 20%, United States (USA) 20%
• Founded year: 2014
• Headcount: 1-10
• LinkedIn: nf-security

Nf, operating under the name NOFRAUD, is a private service company based in Medellin, Colombia, founded in 2014. The company specializes in fraud detection and prevention, leveraging advanced AI technology to help organizations mitigate risks associated with unethical behaviors. NOFRAUD offers a range of solutions, including consulting services and software that provides real-time fraud alerts and analytics. Their proprietary algorithm, inspired by Donald Cressey’s Fraud Triangle, enhances their ability to predict and prevent fraudulent activities. A notable innovation from NOFRAUD is Fraud GPT, a generative AI model trained on over 100,000 fraud cases, which underscores their commitment to utilizing cutting-edge technology in their offerings. The company has received recognition for its initiatives, including awards from the World Compliance Association and mentions in Fraud Magazine by ACFE. With a workforce that spans multiple countries, including significant representation in Colombia, France, and the United States, NOFRAUD is positioned to serve a global clientele in the fight against fraud.

20. The ai Corporation

• Website: aicorporation.com
• Ownership type: Private
• Headquarters: Woking, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 96%, Other 4%
• Latest funding: $2.5M, July 2018
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: the-ai-corporation

The ai Corporation, based in Woking, England, is a private payment solutions provider that specializes in fraud prevention and risk analytics. Founded in 1998, the company has developed a range of services tailored to meet the needs of financial institutions and retailers. Their product offerings include aiEazyFuel®, a dedicated fuel payments platform, and aiRiskNet®, which provides real-time fraud detection and prevention. The ai Corporation has established itself as a significant player in the payments industry, serving over 100 banks and more than 3 million merchants globally. Their innovative approach combines advanced machine learning technology with extensive fraud management expertise, allowing clients to secure transactions and reduce fraud effectively. In 2018, the company secured funding of £2.5 million, which supports its ongoing development and expansion in the fraud detection market.

21. RM2 Intelligence Partner

• Website: rm2partner.com.br
• Ownership type: Private
• Headquarters: Cidade Industrial De Curitiba, Paraná, Brazil
• Employee distribution: Brazil 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: rm2partner

RM2 Intelligence Partner is a consulting firm based in Curitiba, Paraná, Brazil, founded in 2018. The company specializes in fraud prevention and information security strategies, offering a range of services designed to help businesses manage and mitigate fraud risks. Their offerings include fraud risk assessments, a comprehensive fraud prevention platform known as ARGUS, and consulting services tailored to various industries such as banking, e-commerce, and retail. RM2's approach emphasizes the importance of developing effective fraud management strategies that align with the unique business models and risks of their clients. The firm has built a reputation for its technical expertise and innovative solutions, making it a valuable partner for organizations looking to strengthen their fraud prevention efforts. Additionally, RM2 has been recognized as a great place to work, reflecting its commitment to fostering a positive work environment and investing in the professional development of its team.

Fraud Detection Insights: Key Companies

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