NEW YORK, NY, Forter has raised $125 million in Series E funding led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon.
Forter, a player in e-commerce fraud prevention, has raised $125 million in Series E funding. Led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon, with participation from Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures, the round lifts Forter's valuation to over $1.3 billion.
Forter offers online retailers a plug-and-play technology that enables fraud-free ecommerce. Founded by the executive team of Fraud Sciences, a company that delivered fraud decisions with coverage protection before being acquired by - and integrated into - PayPal in 2008 for $169 million, Forter's plug-and-play technology is able to accurately decline fraudsters and/or approve consumers, in real time, with a 100 percent chargeback guarantee. It saves online merchants time and money, unlocks untapped opportunities and enhances their customers' experience.
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