Apruvd provides a 100% guaranteed fraud protection service that utilizes expert manual review and advanced detection algorithms to approve legitimate transactions that other systems often decline. By eliminating chargebacks and false declines, Apruvd enables eCommerce businesses to capture more sales and enhance customer satisfaction without the risk of fraud.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
E-commerce businesses face the challenge of accurately distinguishing between legitimate and fraudulent transactions. Traditional fraud detection systems often lead to false declines, rejecting valid customer orders and resulting in lost revenue and customer dissatisfaction. Chargebacks from fraudulent transactions further erode profits and increase operational costs.
Solution
Apruvd offers a fraud protection service that combines expert manual review with advanced detection algorithms to accurately assess e-commerce transactions. By guaranteeing fraud protection, Apruvd enables businesses to approve a higher percentage of legitimate orders that would otherwise be declined by standard fraud tools. This approach eliminates fraudulent chargebacks and minimizes false declines, leading to increased sales, improved customer satisfaction, and a better overall shopping experience. Apruvd's service can be layered into existing systems or fully integrated, providing flexibility to adapt to different business needs.
Target Audience
Apruvd's primary customers are e-commerce businesses of all sizes that seek to reduce fraud-related losses, minimize false declines, and improve customer satisfaction.
Features
- 100% guaranteed fraud protection, eliminating chargebacks due to fraud.
- Expert manual review of transactions, providing a human layer of analysis.
- Advanced detection algorithms to identify and prevent fraudulent activity.
- Approval of up to 50% of orders declined by other fraud detection systems.
- Flexible integration options, including layering into existing systems or full integration.
- Real-time transaction analysis and decisioning.
- Chargeback management and resolution.