Together with Trellis, which offers digital strategy, web design, web development, digital marketing, and integration services for ecommerce merchants, Signifyd will offer Trellis’ merchant clients confidence that their card-not-present transactions are from real customers.
Signifyd’s technology identifies fraudulent product orders using machine learning algorithms that sift through big data, including user behavior patterns, to reduce merchant chargebacks on fraudulent charges and save money on shipping goods on declined orders. And Signifyd stands behind its technology. If an order turns out to be fraudulent, Signifyd reimburses the merchant for the chargeback.
“The Signifyd – Trellis partnership holds significant value for our clients and customers. Protecting transactions is an integral piece of any ecommerce business and integrating Signifyd ensures your bases are covered,” said Justin Whitaker, Director of Marketing at Trellis. “Signifyd has proven their efficacy time and time again by giving brands an extra layer of security. The relationships Trellis has forged are built on communication, trust, and results which align directly with the values of Signifyd.”
Signifyd demoed its chargeback mitigation solution at FinovateSpring 2013. Headquartered in San Jose, CA., with locations in Barcelona, Belfast, Denver, and London, Signifyd has been named on the Forbes FinTech 50 and was listed among Bloomberg’s 50 Most Promising Startups. Additionally, it has been named a top place to work by Entrepreneur, Inc. Magazine, San Francisco Business Times, and the Silicon Valley Business Journal.
The company has 10,000 merchants in its network which count 250 million customers across the globe. Last May, Signifyd closed a $100 million Series D round, bringing its total funding to $187 million. Rajesh Ramanand is CEO and cofounder.