About Coris

Coris AI provides an AI platform for merchant risk management, enabling instant onboarding of good merchants and real-time fraud prevention across card and ACH payments. The platform centralizes merchant intelligence, automates workflows via AI agents, and continuously monitors portfolios to reduce manual reviews and operational overhead. This infrastructure allows businesses to underwrite risk confidently and scale operations efficiently by acting before fraudulent transactions are processed.

```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 $4.2M.

Who founded Coris?

Coris was founded by Shyam Maddali.

Shyam Maddali - Co-Founder/CTO

Location

Palo Alto, United States

Founded

2022

Funding

$4.2M

Employees

30 employees

Investors

Lux Capital Y Combinator Htv Pathlight

Coris

Palo Alto, United StatesFounded 2022301K+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.

Updated 20 months ago

Funding

$4.2M 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.

BVIAPV

Funding rounds are not available yet.

Founders

Product

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.

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.

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.