About Effectiv
Effectiv is a company based in San Francisco (United States) founded in 2021 by Jonathan Doering, Anupam Tarsauliya, Ritesh Arora, and Ravi Sandepudi was acquired by Socure in October 2024. Effectiv has raised $8.5 million across 3 funding rounds from investors including Socure, Accel and Better Tomorrow Ventures. The company has 8 employees as of March 28, 2024. Effectiv offers products and services including Identity Verification Platform, Fraud Detection System, and Transaction Monitoring Tool. Effectiv operates in a competitive market with competitors including Quantexa, ComplyAdvantage, IDnow, Riskified and Alloy, among others.
- Headquarter San Francisco, United States
- Employees 8 as on 28 Mar, 2024
- Founders Jonathan Doering, Anupam Tarsauliya, Ritesh Arora, Ravi Sandepudi
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
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Website
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Social
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- Legal Name Effectiv Ai India Private Limited
- Date of Incorporation 21 Jul, 2021
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$718.64 K (USD)90.81as on Mar 31, 2023
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Net Profit
$70.64 K (USD)94.93as on Mar 31, 2023
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EBITDA
$172.23 K (USD)50.9as on Mar 31, 2023
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Total Equity Funding
$8.5 M (USD)
in 3 rounds
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Latest Funding Round
$4.5 M (USD), Seed
Jul 26, 2023
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Investors
Socure
& 4 more
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Employee Count
8
as on Mar 28, 2024
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Acquired by
Socure
(Oct 24, 2024)
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Products & Services of Effectiv
Effectiv offers a comprehensive portfolio of products and services, including Identity Verification Platform, Fraud Detection System, and Transaction Monitoring Tool.
Enables accurate identity checks for customer onboarding and compliance.
Detects fraudulent transactions using AI and real-time analysis.
Analyzes patterns to flag suspicious activities and ensure regulatory compliance.
People of Effectiv
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Funding Insights of Effectiv
Effectiv has successfully raised a total of $8.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4.5 million completed in July 2023. 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.
Investors in Effectiv
Effectiv has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Socure, Accel and Better Tomorrow Ventures.
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Early-stage investments in fintech, vertical SaaS, and marketplaces are targeted.
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Accel is recognized as a leading venture capital firm.
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Investor details for Effectiv
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Investments & Acquisitions by Effectiv
Investment portfolio details for Effectiv
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Financial Statements - Effectiv
Detailed financials for Effectiv
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Effectiv Comparisons
Peer comparison for Effectiv
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Competitors of Effectiv
Effectiv 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, IDnow, Riskified and Alloy, among others.
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AI-powered data and decision intelligence solutions are provided for businesses.
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Cloud-based anti-money laundering solutions are provided for compliance.
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Automated and expert-led identity verification services are provided.
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AI-based fraud prevention for e-commerce payments is provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Facial recognition and AI video analysis solutions are provided.
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Detailed competitors of Effectiv
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Latest news on Effectiv
Complete news archive for Effectiv
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Frequently Asked Questions about Effectiv
Effectiv was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Effectiv is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Johnny Ayers is the current CEO of Effectiv.
Effectiv is a funded company, having raised a total of $8.5M across 3 funding rounds to date.
As of Mar 28, 2024, the latest employee count at Effectiv is 8.
Annual revenue of Effectiv is $718.64K as on Mar 31, 2023.
Effectiv was founded in 2021 in San Francisco, United States, within the AI and fintech sector. Anti-fraud and risk management solutions are provided to businesses through a platform that conducts fraud assessments during user onboarding and monitors subsequent transactions for suspicious patterns. Data is collected for investigative purposes, while AI-assisted case management is employed to identify and adjust to emerging fraud trends.
Effectiv's top competitors include ComplyAdvantage, IDnow and Riskified.
Effectiv offers Identity Verification Platform, Fraud Detection System, and Transaction Monitoring Tool.
Effectiv has 5 investors. Key investors include Socure, Accel, Better Tomorrow Ventures, BHG VC, and REV.