About Coris

Coris provides an AI-powered risk management platform that enables vertical software companies and payment processors to verify businesses and mitigate risks throughout the customer lifecycle. By automating merchant onboarding, fraud detection, and transaction monitoring, Coris reduces application review time by over 75% and decreases fraud losses significantly.

```xml <problem> Vertical software companies and payment processors face challenges in efficiently verifying businesses and mitigating risks throughout the customer lifecycle due to unstructured merchant data, sophisticated AI-driven fraud, and siloed risk tools. This results in slow merchant onboarding, increased fraud losses, and inefficient manual reviews. </problem> <solution> Coris offers an AI-powered risk management platform that addresses these challenges by automating merchant onboarding, fraud detection, and transaction monitoring. The platform unifies merchant data from multiple sources, enabling teams to set up custom rules and automate actions, reducing friction for legitimate businesses while streamlining reviews for suspicious applications. Coris's MerchantProfiler provides comprehensive merchant data intelligence, including industry classification, website analysis, and site ratings. CorShield reduces third-party and first-party fraud by cross-checking application information against known business data. The platform's ACH fraud model predicts the likelihood of fraudulent returns, helping to minimize losses. </solution> <features> - MerchantProfiler: Auto-predicts MCC & six-digit NAICS industry classification codes using LLMs. - MerchantVision: Automates business site inspections using Google Street View and AI. - SiteRating: Rates merchant websites via analysis of stock images, domains, and product data. - CorShield: Detects third-party and first-party fraud at sign-up by cross-checking application information. - ACH Fraud Model: Scores Stripe Connect-powered payments for their return likelihood. - Customizable rule engine for automating checks and actions. - Real-time monitoring and alerts for suspicious merchant activity. - Integration with Stripe, Adyen, and other payment processors. </features> <target_audience> Coris primarily serves vertical software companies and payment processors that need to efficiently verify businesses, prevent fraud, and manage risk throughout the merchant lifecycle. </target_audience> ```

What does Coris do?

Where is Coris located?

Coris is based in Palo Alto, United States.

When was Coris founded?

Coris was founded in 2022.

How much funding has Coris raised?

Coris has raised 4200000.

Location

Palo Alto, United States

Founded

2022

Funding

4200000

Employees

30 employees

Major Investors

Y Combinator, Lux Capital, Blank Ventures, Pathlight Ventures, Immad Akhund

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Coris

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Executive Summary

coris.ai 1K+

Crunchbase

Founded 2022 – Palo Alto, United States

Funding

Estimated Funding

$3M+

Major Investors

Y Combinator, Lux Capital, Blank Ventures, Pathlight Ventures, Immad Akhund

Team (30+)

No team information available.

Company Description

Problem

Vertical software companies and payment processors face challenges in efficiently verifying businesses and mitigating risks throughout the customer lifecycle due to unstructured merchant data, sophisticated AI-driven fraud, and siloed risk tools. This results in slow merchant onboarding, increased fraud losses, and inefficient manual reviews.

Solution

Coris offers an AI-powered risk management platform that addresses these challenges by automating merchant onboarding, fraud detection, and transaction monitoring. The platform unifies merchant data from multiple sources, enabling teams to set up custom rules and automate actions, reducing friction for legitimate businesses while streamlining reviews for suspicious applications. Coris's MerchantProfiler provides comprehensive merchant data intelligence, including industry classification, website analysis, and site ratings. CorShield reduces third-party and first-party fraud by cross-checking application information against known business data. The platform's ACH fraud model predicts the likelihood of fraudulent returns, helping to minimize losses.

Features

MerchantProfiler: Auto-predicts MCC & six-digit NAICS industry classification codes using LLMs.

MerchantVision: Automates business site inspections using Google Street View and AI.

SiteRating: Rates merchant websites via analysis of stock images, domains, and product data.

CorShield: Detects third-party and first-party fraud at sign-up by cross-checking application information.

ACH Fraud Model: Scores Stripe Connect-powered payments for their return likelihood.

Customizable rule engine for automating checks and actions.

Real-time monitoring and alerts for suspicious merchant activity.

Integration with Stripe, Adyen, and other payment processors.

Target Audience

Coris primarily serves vertical software companies and payment processors that need to efficiently verify businesses, prevent fraud, and manage risk throughout the merchant lifecycle.