Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news

Breaking-Finance.Com - E-commerce fraud prevention company Forter has hit a $3 billion valuation after raising $300 million in a Series F funding round led by Tiger Global Management.

Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news

Breaking-Finance.Com - E-commerce fraud prevention company Forter has hit a $3 billion valuation after raising $300 million in a Series F funding round led by Tiger Global Management.

Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news
25 May 2021 - 23:45

Breaking-Finance.Com - E-commerce fraud prevention company Forter has hit a $3 billion valuation after raising $300 million in a Series F funding round led by Tiger Global Management. Third Point Ventures, Adage Capital Management, Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners joined the round, which sees Forter's valuation triple since a Series E six months ago.Forter processes over $250 billion in online commerce transactions, protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more.

.John Curtius, partner, Tiger Global Management, says: “With the unprecedented rate of digital transformation and the fierce competition in creating the slickest user experience, superior fraud prevention plays an ever more critical role in e-commerce revenue growth.“After we talked with dozens of customers of every relevant solution in this space, it was very clear to us that Forter is the leader in performance and scale.”

Source = Breaking-Finance.Com

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Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news


Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news


Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news


Finance Breaking news E-commerce fraud prevention firm Forter scores $300m last financial news

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