Rippleshot

Rippleshot is a fintech startup based in the United States, founded in 2012. The company's mission is captured in its slogan, "Fraud analytics platform that helps banks and credit unions predict and stop fraud from the use of compromised cards." Rippleshot accomplishes this through a cloud-based technology solution that leverages machine learning and data analytics to swiftly and effectively identify fraudulent activity within financial institutions. With its award-winning technology, Rippleshot analyzes millions of payment card transactions to proactively pinpoint data breaches. The company's approach not only detects the source of the breach but also equips financial institutions with the necessary tools to update fraud detection rules, ultimately reducing fraud losses and circumventing unnecessary card re-issuance. Rippleshot's innovative solution has caught the attention of investors, with a recent $1.50M convertible note investment from SixThirty in August 21, 2018. As the company operates in the analytics, big data, enterprise software, and fintech sectors, it fills a crucial gap in the market by addressing the pressing need for advanced fraud detection in the financial industry. With its successful track record and ongoing investor support, Rippleshot demonstrates promise as a disruptive force in the fight against fraudulent activities in the banking and credit union realms.