The startup develops cyber intelligence software that detects hidden transaction tunnels and merchant fraud within e-commerce platforms. By enhancing transaction transparency, the software helps marketplaces and payment providers maintain compliance, protect their brand reputation, and avoid costly fines.
Funding
$60.5M 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.
KFounders
Product
Problem
E-commerce platforms and payment providers face increasing risks from hidden transaction tunnels and fraudulent merchants, leading to financial losses, regulatory penalties, and damage to brand reputation. Existing fraud detection methods often fail to identify sophisticated schemes and emerging threats in real time.
Solution
EverC offers an AI-powered risk intelligence platform that automates the detection and mitigation of merchant and marketplace fraud. The platform uses web crawling, machine learning, and proprietary data analysis to identify high-risk merchants, illicit products, and hidden relationships between entities. By providing real-time insights into merchant behavior and product listings, EverC enables payment providers, marketplaces, and banks to proactively manage risk, maintain compliance, and ensure a safe e-commerce environment. The platform's customizable features and integration capabilities allow businesses to tailor the solution to their specific needs and scale their risk management efforts.
Target Audience
The primary target audience includes banks, payment providers, e-commerce marketplaces, acquirers, and merchants seeking to mitigate online fraud, maintain regulatory compliance, and protect their brand reputation.
Features
- AI-driven technology for automated merchant and marketplace risk management
- MerchantView: All-in-one merchant onboarding and monitoring solution for efficient risk mitigation throughout the merchant lifecycle
- MarketView: Fully automated solution that identifies and eliminates hazardous, counterfeit, and recalled products
- Risk Insight Services: Threat investigation and disruption services, providing information, evidence, and analysis for nuanced risk management decisions
- Web content screening, reputation checks, and MCC classification for initial risk assessment
- Continuous monitoring of merchant activity through automated live web crawling
- Proprietary graph revealing connections between entities for a comprehensive understanding of risk
- Customizable findings for efficient, data-driven decision-making