Paypal

PayPal is a leading provider of electronic payment solutions for both merchants and consumers, specializing in online transactions. Since its spin-off from eBay in 2015, the company has expanded its reach, boasting 426 million active accounts as of 2023. PayPal's open digital payments platform allows users to connect and transact securely across various channels, including online, mobile, and in-person. It offers a range of services, including payment processing, fund transfers, and currency management, enabling transactions in over 100 currencies. Additionally, PayPal owns Venmo, a popular person-to-person payment platform. The company is committed to democratizing financial services, fostering innovation through its investment arm, PayPal Ventures, and supporting startups via its Startup Blueprint program. With a presence in more than 200 markets globally, PayPal continues to enhance the financial ecosystem through technology and strategic partnerships.

Simon Bladon

CEO, UK

Blake Jorgensen

CFO and Executive Vice President

Suzan Kereere

President

Daniel Leberman

Senior Vice President, SMB and Channel Partner - Merchant Business Unit

Yogesh Mishra

Senior Director

Laurent Le Moal

Chairman of the Board of Directors

Franz Paasche

SVP, Chief Corporate Affairs Officer

Rachel X. Zhao

Investor

Past deals in Fraud Detection

Forage

Series A in 2022
Forage is a third-party payment processor and PIN provider that specializes in authenticating and processing Electronic Benefit Transfer (EBT) transactions. The company facilitates the acceptance of SNAP EBT payments online for grocers, streamlining the process by guiding retailers through the USDA application and technological integration. By doing so, Forage alleviates the burden on merchants while promoting equitable access to government benefits, particularly for underserved populations. The platform collaborates with various grocery chains and e-commerce platforms, such as Shopify and Flashfood, to enhance the accessibility of SNAP EBT payments, thereby enabling greater digital access to essential resources.

Stitch

Series A in 2022
Stitch operates a financial API platform that facilitates secure connections between bank accounts and various applications. By providing full API access to financial accounts, Stitch enables users to share their transaction history, confirm their identities, and initiate payments efficiently. The platform integrates directly with existing bank infrastructures, ensuring compliance and enhancing user experience through a lightweight single sign-on process. This approach allows clients to conduct fraud-free bank payments and access financial data with ease.

TRM Labs

Series B in 2021
TRM Labs Inc. is a regulatory technology startup based in San Francisco, California, founded in 2017. The company operates a token relationship management platform that utilizes machine learning to assist clients in managing customer relationships and identifying suspicious activities, such as money laundering and market manipulation. Its offerings include on-chain anti-money laundering compliance, customer due diligence, and transaction monitoring solutions tailored for digital asset companies. Additionally, TRM Labs develops enterprise applications and developer tools that facilitate the launch of blockchain-based products, enhancing compliance and risk management in the cryptocurrency industry. By streamlining compliance processes, TRM Labs aims to foster a secure environment for value exchange within the digital asset space.

TRM Labs

Series A in 2021
TRM Labs Inc. is a regulatory technology startup based in San Francisco, California, founded in 2017. The company operates a token relationship management platform that utilizes machine learning to assist clients in managing customer relationships and identifying suspicious activities, such as money laundering and market manipulation. Its offerings include on-chain anti-money laundering compliance, customer due diligence, and transaction monitoring solutions tailored for digital asset companies. Additionally, TRM Labs develops enterprise applications and developer tools that facilitate the launch of blockchain-based products, enhancing compliance and risk management in the cryptocurrency industry. By streamlining compliance processes, TRM Labs aims to foster a secure environment for value exchange within the digital asset space.

Arkose Labs

Series C in 2021
Arkose Labs, Inc. is a technology company specializing in online fraud and abuse prevention for various sectors, including online marketplaces, travel, banking, social media, ticketing, and online gaming. Founded in 2015 and headquartered in San Francisco, California, with an additional location in Brisbane, Australia, the company offers a platform that safeguards consumer actions against threats such as account takeover, fake account abuse, scraping, spam, and gift card fraud. Arkose Labs employs a unique approach that focuses on determining true user intent and addressing attacks in real-time through risk assessments and interactive authentication challenges. By undermining the financial incentives behind fraudulent activities, the platform enhances security and improves customer experiences for businesses in retail, gaming, and fintech industries. Recognized by Gartner as a 2020 Cool Vendor, Arkose Labs aims to provide long-term protection while maintaining effective customer throughput.

Chargehound

Acquisition in 2021
Chargehound is a chargeback solution designed to streamline the handling of payment disputes. The platform securely gathers data and evidence from payment processors, automating the creation and submission of responses to chargebacks. This system minimizes human error, ensuring that all responses are complete and submitted in a timely manner. By simplifying the dispute process, Chargehound enables users to recover funds more efficiently, making it a valuable tool for businesses looking to manage chargebacks effectively.

SafeBreach

Series C in 2020
SafeBreach Inc. is a cybersecurity company that specializes in breach and attack simulation, providing organizations with tools to enhance their security posture. Founded in 2014 and based in Sunnyvale, California, with an additional location in Tel Aviv, Israel, SafeBreach offers a comprehensive platform that simulates hacker techniques to identify vulnerabilities within a network. Its platform utilizes an extensive Hacker's Playbook, which includes real-world breach methods, to proactively predict potential attacks and validate existing security controls. By integrating with various security information and event management systems and other cybersecurity tools, SafeBreach enables continuous visibility into security issues, allowing businesses to detect and remediate potential breaches before they can be exploited by actual attackers. The company is supported by notable investors, including Sequoia Capital and Deutsche Telekom Capital.

Arkose Labs

Series B in 2020
Arkose Labs, Inc. is a technology company specializing in online fraud and abuse prevention for various sectors, including online marketplaces, travel, banking, social media, ticketing, and online gaming. Founded in 2015 and headquartered in San Francisco, California, with an additional location in Brisbane, Australia, the company offers a platform that safeguards consumer actions against threats such as account takeover, fake account abuse, scraping, spam, and gift card fraud. Arkose Labs employs a unique approach that focuses on determining true user intent and addressing attacks in real-time through risk assessments and interactive authentication challenges. By undermining the financial incentives behind fraudulent activities, the platform enhances security and improves customer experiences for businesses in retail, gaming, and fintech industries. Recognized by Gartner as a 2020 Cool Vendor, Arkose Labs aims to provide long-term protection while maintaining effective customer throughput.

TRM Labs

Seed Round in 2019
TRM Labs Inc. is a regulatory technology startup based in San Francisco, California, founded in 2017. The company operates a token relationship management platform that utilizes machine learning to assist clients in managing customer relationships and identifying suspicious activities, such as money laundering and market manipulation. Its offerings include on-chain anti-money laundering compliance, customer due diligence, and transaction monitoring solutions tailored for digital asset companies. Additionally, TRM Labs develops enterprise applications and developer tools that facilitate the launch of blockchain-based products, enhancing compliance and risk management in the cryptocurrency industry. By streamlining compliance processes, TRM Labs aims to foster a secure environment for value exchange within the digital asset space.

Arkose Labs

Corporate Round in 2018
Arkose Labs, Inc. is a technology company specializing in online fraud and abuse prevention for various sectors, including online marketplaces, travel, banking, social media, ticketing, and online gaming. Founded in 2015 and headquartered in San Francisco, California, with an additional location in Brisbane, Australia, the company offers a platform that safeguards consumer actions against threats such as account takeover, fake account abuse, scraping, spam, and gift card fraud. Arkose Labs employs a unique approach that focuses on determining true user intent and addressing attacks in real-time through risk assessments and interactive authentication challenges. By undermining the financial incentives behind fraudulent activities, the platform enhances security and improves customer experiences for businesses in retail, gaming, and fintech industries. Recognized by Gartner as a 2020 Cool Vendor, Arkose Labs aims to provide long-term protection while maintaining effective customer throughput.

Arkose Labs

Series A in 2018
Arkose Labs, Inc. is a technology company specializing in online fraud and abuse prevention for various sectors, including online marketplaces, travel, banking, social media, ticketing, and online gaming. Founded in 2015 and headquartered in San Francisco, California, with an additional location in Brisbane, Australia, the company offers a platform that safeguards consumer actions against threats such as account takeover, fake account abuse, scraping, spam, and gift card fraud. Arkose Labs employs a unique approach that focuses on determining true user intent and addressing attacks in real-time through risk assessments and interactive authentication challenges. By undermining the financial incentives behind fraudulent activities, the platform enhances security and improves customer experiences for businesses in retail, gaming, and fintech industries. Recognized by Gartner as a 2020 Cool Vendor, Arkose Labs aims to provide long-term protection while maintaining effective customer throughput.

Simility

Acquisition in 2018
Simility, Inc. specializes in real-time risk and fraud detection solutions tailored for global businesses, particularly in the banking and financial services sectors, as well as e-commerce and payment service providers. Founded in 2014 and based in Palo Alto, California, the company offers a cloud-based platform that utilizes machine learning, big data analytics, and data visualization to combat various types of fraud, including account takeover, new account fraud, wire fraud, and anti-money laundering. Simility’s platform allows analysts to create and configure detection mechanisms without coding expertise, facilitating real-time analysis and enabling businesses to respond effectively to fraudulent activities. As of July 2018, Simility operates as a subsidiary of PayPal Holdings, enhancing its capacity to deliver robust fraud prevention solutions to small and medium enterprises.

SafeBreach

Series B in 2018
SafeBreach Inc. is a cybersecurity company that specializes in breach and attack simulation, providing organizations with tools to enhance their security posture. Founded in 2014 and based in Sunnyvale, California, with an additional location in Tel Aviv, Israel, SafeBreach offers a comprehensive platform that simulates hacker techniques to identify vulnerabilities within a network. Its platform utilizes an extensive Hacker's Playbook, which includes real-world breach methods, to proactively predict potential attacks and validate existing security controls. By integrating with various security information and event management systems and other cybersecurity tools, SafeBreach enables continuous visibility into security issues, allowing businesses to detect and remediate potential breaches before they can be exploited by actual attackers. The company is supported by notable investors, including Sequoia Capital and Deutsche Telekom Capital.

Simility

Series B in 2017
Simility, Inc. specializes in real-time risk and fraud detection solutions tailored for global businesses, particularly in the banking and financial services sectors, as well as e-commerce and payment service providers. Founded in 2014 and based in Palo Alto, California, the company offers a cloud-based platform that utilizes machine learning, big data analytics, and data visualization to combat various types of fraud, including account takeover, new account fraud, wire fraud, and anti-money laundering. Simility’s platform allows analysts to create and configure detection mechanisms without coding expertise, facilitating real-time analysis and enabling businesses to respond effectively to fraudulent activities. As of July 2018, Simility operates as a subsidiary of PayPal Holdings, enhancing its capacity to deliver robust fraud prevention solutions to small and medium enterprises.

Fraud Sciences

Acquisition in 2008
Fraud Sciences, founded in 2001 and based in Palo Alto, California, specializes in automated anti-fraud systems designed to enhance transaction verification and prevent fraud. The company's primary offerings include SpotLight VFX and SpotLight T2T, which serve as merchant solutions for effective fraud management. In January 2008, the company was acquired by eBay and has since been integrated into PayPal’s product suite, further expanding its reach and capabilities in the financial technology sector.

Confinity

Acquisition in 2000
Confinity was a mobile payment security company founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek. Initially, the company developed a product called Fieldlink for Palm Pilot payments, but it later shifted its focus to create PayPal, which launched in late 1999. The introduction of PayPal marked a significant turning point for the company, as it gained traction in facilitating e-payments and money transfers. In March 2000, Confinity merged with X.com, a company co-founded by Elon Musk, during the early stages of the dot-com crash. Following this merger, the combined entity adopted the PayPal name and continued to expand its services in the digital payment landscape. Early investors in Confinity included notable firms such as Nokia Ventures and Deutsche Bank.
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