Evina provides cybersecurity solutions specifically designed to protect mobile payment systems from fraud, utilizing advanced machine learning and real-time data analysis to detect and block fraudulent transactions. Their DCBprotect technology has achieved a 99.94% detection rate of fraudulent activities, significantly increasing legitimate transaction volumes and reducing complaint rates for mobile operators and digital merchants.
Funding
$24.9M 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
Mobile payment systems are vulnerable to various forms of fraud, leading to financial losses for mobile operators, digital merchants, and consumers. Traditional security measures often fail to detect sophisticated fraudulent activities in real-time, resulting in decreased transaction volumes and increased complaint rates.
Solution
Evina provides cybersecurity solutions designed to protect mobile payment systems from fraud and maximize legitimate transaction volumes. Their suite of products, including DCBprotect, MobileMoneyProtect, and Eyewitness, leverages advanced machine learning and real-time data analysis to detect and block fraudulent transactions. Evina's technology captures comprehensive data, utilizes edge computing for fast processing, and employs polymorphic encryption for data protection. By offering an independent and business-focused approach, Evina enables its partners to unlock more efficient payment flows, access more profitable traffic sources, and enable valuable partnerships.
Target Audience
Evina's primary customers include mobile operators, digital merchants, and payment gateways seeking to protect their mobile payment systems from fraud and increase revenue.
Features
- DCBprotect: Blocks fraud on direct carrier billing (DCB) to maximize legitimate transactions and increase revenue.
- MobileMoneyProtect: Prevents fraud on mobile money transactions, reducing complaint management costs and increasing subscriber satisfaction.
- Eyewitness: Records data-enriched videos of user interactions on payment pages to verify consent, identify fraud, and ensure compliance.
- BrandProtect: Detects fraudulent ads.
- TrafficScreener: Analyzes traffic sources to identify and block fraudulent activities.
- Comprehensive data capture: Utilizes ultrahigh-definition 3D footprinting to identify fraudulent behavior.
- Edge computing: Enables fast data treatment and storage close to the end-user.
- Polymorphic encryption: Provides secure data protection.
- Global mobile honeypot network: Attracts fraudsters in over 70 countries to reverse-engineer their patterns.
- Machine learning: Analyzes millions of transactions daily to improve fraud detection.
- Cyber Threat Intelligence: Conducts in-depth analysis of threats from various sources, including the dark web.