Corgi Labs develops bespoke, AI-powered payment acceptance models tailored to individual business transaction histories. These customized models optimize payment routing to significantly reduce false declines and lower chargeback rates. The service integrates seamlessly with existing payment platforms to increase payment acceptance rates and maximize merchant revenue.
Funding
$167.4M 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
Online merchants face challenges in accurately identifying and preventing fraudulent payment transactions, leading to financial losses from chargebacks and customer dissatisfaction due to false declines. Existing fraud detection systems often lack the sophistication to adapt to evolving fraud tactics, resulting in missed fraudulent activities and unnecessary blocking of legitimate transactions.
Solution
CorgiAI provides an AI-powered payment intelligence platform that integrates with payment gateways like Stripe and Adyen to optimize payment processing and prevent fraud. The platform analyzes transaction data in real-time, leveraging machine learning algorithms to identify patterns indicative of fraudulent activity while minimizing false positives. By automating fraud detection and payment optimization, CorgiAI helps merchants reduce chargeback rates, increase revenue by decreasing false declines, and gain comprehensive insights into their payment ecosystem. The system offers a plug-and-play setup, explainable AI for transparency, centralized analytics dashboards, and customizable fraud monitoring and alert systems.
Target Audience
CorgiAI targets e-commerce businesses, online delivery services, digital banking platforms, gaming companies, and social media networks that process online payments and require robust fraud prevention and payment optimization solutions.
Features
- Real-time fraud detection using AI and machine learning algorithms
- Automated payment optimization to reduce false declines and increase conversion rates
- Integration with Stripe and Adyen payment gateways
- Centralized analytics dashboard for monitoring payment performance and fraud trends
- Customizable fraud monitoring and alert system
- Explainable AI to understand the reasoning behind fraud detection decisions
- Weekly summary reports on payment and fraud metrics