Fraud prevention and identity verification innovator Emailage has raised $10 million in new funding. The round was led by Anthos Capital, and featured the participation of Mucker Capital, Radian Capital, Tallwave Capital, and Wipro Ventures. “This investment will allow us to continue our rapid growth, enhance our leadership position in the online fraud detection market and deliver significant fraud prevention capabilities to businesses around the world,” Emailage CEO Rei Carvalho said. The funding takes Emailage’s total capital to more than $15 million.
Emailage’s innovation is to leverage email addresses as unique global identifiers. The company’s real-time risk intelligence technology uses email transaction history, machine learning algorithms, and “positive and negative data” to produce a predictive risk score for any transaction involving an email address.
Pictured: Emailage Chief Product Officer Amador Testa demonstrating the Emailage Browser Extension at FinovateSpring 2015.
Emailage’s technology can be used to provide verification for online transactions, account signups, marketplace listings, and more. In addition to the top three PC manufacturers and the top four money transfer providers, Emailage’s customers include:
- five of the top 10 global retailers
- three of the top five largest global airlines
- three of the top six credit card issuers
- three of the top five marketplace lenders
- three of the top five travel websites
In 2017 alone, Emailage has analyzed $100 billion in transaction volume, identifying more than 17 million high-risk transactions. “Emailage has developed a powerful solution that is critical for any company doing business online,” Anthos Capital’s Paul Farr said, crediting the company for “making online transactions safer for businesses and consumers.”
Founded in 2012 and headquartered in Chandler, Arizona, Emailage demonstrated its Browser Extension at FinovateSpring 2015. The company recently revealed that fellow Finovate alum Experian was using its technology among others to help lower fraud on its CrossCore platform. Emailage CEO Carvalho was interviewed by Silicon Review at the beginning of the year, discussing strategies for staying ahead of the fraudsters.