This post is part of our live coverage of FinovateFall 2014
Next to the stage is anti-fraud innovator, Rippleshot.
“Rippleshot’s sophisticated web user interface allows card issuers to spot breaches early, view trends in compromised card spends, efficiently reissue compromised cards, and deploy real-time declines rules to stem the losses in the meantime. The merchant portal gives ADT-like alerts so merchants can stop their breach sooner and have time to prepare their response to the public.”
Presenting: Randal Cox (Chief Scientist & Co-Founder) & Lucas Ward (CTO & Co-Founder)
Product Launch: April 2014
Metrics: $800,000 raised, 10 employees; $500,000 revenues
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other FinTech companies and platforms, licensed
HQ: Chicago, IL
Founded: June 2013
Website: rippleshot.com
Twitter: @Rippleshot