Fraugster

Fraugster develops an AI-powered payment fraud protection platform that uses artificial intelligence to prevent fraudulent attacks in real-time. The company's technology solution can be integrated with merchants and payment processors as an API plugin, analyzing transaction data to detect and prevent payment fraud, identity theft, and e-commerce fraud. Fraugster's AI technology processes large-scale transaction data to identify patterns and anomalies that indicate fraudulent activity, helping e-commerce businesses and payment providers reduce chargebacks and fraud-related losses. Founded in 2014 and headquartered in Berlin, Germany, the company has raised approximately $19M in Series B funding. Fraugster differentiates itself through its AI-driven approach to fraud prevention that combines big data analytics with image recognition and cybersecurity, serving the retail and e-commerce sector with real-time fraud detection capabilities integrated directly into payment processing workflows.