About Accertify
Accertify is a company based in Itasca (United States) founded in 2007 was acquired by Accel-KKR in January 2024.. Accertify has raised $7.13 million across 3 funding rounds from investors including American Express, Intel Capital and Accel-KKR. Accertify offers products and services including Fraud Detection, Account Protection, Abuse Protection, Payment Optimization, and Chargeback Management. Accertify operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Entrust, Riskified and Megvii, among others.
- Headquarter Itasca, United States
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Sectors
TechnologyIndustrial Goods & Manufacturing Retail Financial Services
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Phone
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Website
*********
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Social
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- Legal Name Accertify, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.13 M (USD)
in 3 rounds
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Latest Funding Round
$700 K (USD), Series A
May 04, 2010
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Investors
American Express
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Accertify
Accertify offers a comprehensive portfolio of products and services, including Fraud Detection, Account Protection, Abuse Protection, Payment Optimization, and Chargeback Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to maximize sales while minimizing fraud risks.
Safeguards against account-related attacks and non-payment issues.
Identifies excessive returners and policy abusers to reduce expenses.
Optimizes 3DS usage to convert sales and prevent fraud.
Automates workflows to maximize win rates and reduce losses.
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Funding Insights of Accertify
Accertify has successfully raised a total of $7.13M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $700 thousand completed in May 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $700,000
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First Round
First Round
(03 Jun 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2010 | Amount | Series A - Accertify | Valuation |
investors |
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| Jun, 2009 | Amount | Series A - Accertify | Valuation |
investors |
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| Jun, 2008 | Amount | Series A - Accertify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accertify
Accertify has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include American Express, Intel Capital and Accel-KKR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location | |
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Financial products for individuals and businesses are compared online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accertify
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Accertify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accertify Comparisons
Competitors of Accertify
Accertify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantexa, ComplyAdvantage, Entrust, Riskified and Megvii, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accertify
Frequently Asked Questions about Accertify
When was Accertify founded?
Accertify was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Accertify located?
Accertify is headquartered in Itasca, United States. It is registered at Itasca, Illinois, United States.
Who is the current CEO of Accertify?
Mark Michelon is the current CEO of Accertify.
Is Accertify a funded company?
Accertify is a funded company, having raised a total of $7.13M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 03, 2008.
What does Accertify do?
Accertify was founded in 2007 and is headquartered in Itasca, United States. Operations center on fraud prevention within the financial technology sector, where integrated solutions are provided to detect fraudulent credit card use in online, telephone, and card-not-present transactions. The customer journey is secured from account creation through transaction processing and chargeback management. Services encompass chargeback handling, payment gateways, and product authentication tools.
Who are the top competitors of Accertify?
Accertify's top competitors include ComplyAdvantage, Riskified and Quantexa.
What products or services does Accertify offer?
Accertify offers Fraud Detection, Account Protection, Abuse Protection, Payment Optimization, and Chargeback Management.
Who are Accertify's investors?
Accertify has 3 investors. Key investors include American Express, Intel Capital, and Accel-KKR.
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