Rippleshot

Name

Rippleshot

Legal name

Rippleshot

Website

https://rippleshot.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Payment Fraud Detection Software

NAICS

Credit Bureaus (56145)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Payment Abuse & Promo/Refund Abuse Prevention (FSAMALAI)

akta.pro secondary industry

Fraud Detection & Transaction Monitoring (FSAMALAA)

Keywords

• Card fraud detection
• Fraud analytics platform
• Merchant compromise detection
• Card reissuance software
• Fraud rule management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription (Rules Assist & Sonar): Cloud-based SaaS (SAAS) platform sold to financial institutions. Two flagship products, Rules Assist and Sonar, delivered on a subscription basis. Pricing is not publicly disclosed; institutions engage via demo and sales-led motion. Per Terms of Use: limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Service and Rippleshot Content for internal business purposes.
2. Data-Enhanced Services (Consortium-Enabled): Customer Data submitted to Rippleshot is licensed back for use in aggregated and anonymized form to enhance detection models, data quality, and benchmarking across clients. The Terms grant Rippleshot a non-exclusive, royalty-free, worldwide license to use Customer Data for providing the Service and enhancing detection models. This implies the consortium data flywheel is a core element of the value (and implicitly, the pricing) of the subscription.
3. Partnership / Channel Revenue: Indirect revenue via partners (FIS, Fiserv, Mastercard, CPI Card Group, Flashpoint, TruStage, MAP). Partner pages and a dedicated "Become a Partner" form suggest channel-driven revenue and co-sell arrangements with processors and cores.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Rippleshot provides a cloud-based SaaS platform that uses AI, machine learning, and predictive analytics on a proprietary consortium of payment and fraud data to detect credit and debit card fraud for financial institutions. Its two flagship products are Rules Assist, which analyzes fraud trends and recommends fraud rules to block high-risk merchants, and Sonar, which detects compromised cards and Common Points of Purchase (CPP) and guides targeted card reissuance.

Product overview

Rippleshot is a single cloud-based SaaS platform for card-fraud detection and prevention aimed at banks, credit unions, and card processors. The platform is built on a proprietary data consortium spanning 5,000+ contributing financial institutions and 50+ million daily card transactions, and applies AI and machine learning on top of that consortium data. The commercial offering is organized around two flagship products: Rules Assist, which uses AI and consortium analytics to recommend and write fraud rules and to identify high-risk merchants, and Sonar, which detects compromised cards and Common Points of Purchase and guides intelligent card reissuance. Layered on top of these products are additional capabilities such as the Fraud Interceptor (AI-driven dynamic merchant blacklists and rule recommendations within Rules Assist), Scam Defender (intelligence on targeted scam campaigns), and the Rippleshot Monthly Fraud Intelligence Report (periodic fraud trend reporting for FIs).

Differentiator

Problem solved

Functional benefit

Brands

• Rules Assist: AI-powered fraud rule writing and analytics solution that surfaces high-impact rules and merchant risk data from consortium intelligence to help fraud teams write better real-time decline rules.
• Sonar
• Fraud Interceptor
• Scam Defender

Products and services

• Rules Assist AI-driven fraud-rule writing and merchant-risk analytics platform for fraud teams at banks, credit unions, and processors. Analyzes consortium fraud trends, recommends high-impact rules to deploy, identifies high-risk and fraudulent merchants, and helps reduce false positives.
• Sonar Compromised card detection and intelligent card-reissuance platform that uses consortium data and card-level risk scoring to identify cards exposed at Common Points of Purchase, ingests Visa and Mastercard network alerts, and recommends reissuing only the riskiest cards to reduce customer disruption.
• Fraud Interceptor AI- and consortium-data-driven capability that delivers dynamic blacklists of fraudulent and scam merchants and surfaces the highest-impact rules an institution should deploy to close gaps left by static fraud rules.
• Scam Defender Scam-campaign intelligence offering that helps financial institutions get ahead of targeted scam campaigns (e.g., social engineering scams following merchant data breaches) by linking merchant compromise intelligence to threat monitoring of emerging scam merchants and affected cardholder populations.

Quantifiable outcome

• 46% reduction in false positive rates for a $2bn+ southeastern FI using Rules Assist
• +9 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• CPI Card GroupcoreStrategic or Co-development Partner · 27 August 2024CPI joins forces with Rippleshot to enhance fraud protection (August 27, 2024). CPI is featured on Rippleshot's homepage partner logo wall, the Partners page, and is the subject of a Media placement titled "CPI Joins Forces with Rippleshot to Enhance Fraud Protection." The partnership focuses on integrated card fraud detection and compromised card management.
• FlashpointcoreStrategic or Co-development Partner · 23 August 2022Rippleshot announced a partnership with risk intelligence leader Flashpoint (August 23, 2022) to more proactively combat card fraud for financial institutions. Flashpoint logo is featured on Rippleshot's homepage partner logo wall; the partnership brings together Flashpoint's threat intelligence with Rippleshot's card fraud detection.
• FIS (Fidelity National Information Services)flagshipStrategic or Co-development PartnerFIS is listed as a flagship partner on Rippleshot's homepage Partners section and Partners page. The two firms co-develop and deliver card fraud detection and analytics for financial institutions served by FIS, leveraging Rippleshot's consortium data and FIS's core/processor scale.
• FiservflagshipStrategic or Co-development PartnerFiserv is featured in Rippleshot's partner logo wall and on the Partners page. The partnership was announced via a dedicated "Fiserv and Rippleshot announce card fraud detection partnership" content piece cited in the Payment Fraud Detection blog; case studies reference Fiserv as the partner processor ecosystem.
• MastercardflagshipStrategic or Co-development PartnerMastercard logo is displayed on Rippleshot's homepage Partners section and on the Partners page, indicating a strategic relationship that connects Rippleshot's fraud intelligence with the Mastercard payments ecosystem.
• TruStagecoreChannel Partner/ Reseller/ DistributorTruStage (formerly CUNA Mutual) logo appears on Rippleshot's homepage partner wall and Partners page. TruStage distributes and validates Rippleshot's card fraud solutions through the credit union ecosystem (a Sonar case study cites a TruStage-hosted "Rippleshot Overview" discovery deck).
• MAP (Member Access Pacific)minorChannel Partner/ Reseller/ DistributorMember Access Pacific logo appears on the homepage partner wall and Partners page. MAP is a credit union core/processor that distributes or co-markets Rippleshot's fraud solutions to its credit union clients.
• Plug and Play FintechminorGTM or Marketing PartnerPlug and Play Fintech logo appears on the Rippleshot Partners page, indicating participation in Plug and Play's fintech accelerator/ecosystem program for go-to-market exposure and investor/partner introductions.
• International Association for Financial Crime Investigators (IAFCI)minorOthersRippleshot is an active member of the IAFCI, the international fraud-investigator association, as part of its commitment to the fraud-fighting community. Not a commercial customer/partner but an industry affiliation.
• Federal Reserve Secure Payments Task ForceminorOthersRippleshot is a member of the Federal Reserve's Secure Payments Task Force, contributing to industry dialogue on payment security and fraud prevention.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DataVisor: DataVisor uses unsupervised machine learning on large-scale transaction data to detect fraud and financial crime for banks, issuers, and fintechs. Its consortium-style data approach and AI/ML methodology closely mirror Rippleshot's value proposition.
• Feedzai: Feedzai offers a financial crime risk platform covering transaction fraud, account takeover, and anti-money laundering for banks and payment providers. It directly competes with Rippleshot's AI-driven transaction and merchant fraud analytics for FI buyers.
• Kount (Equifax): Kount, an Equifax business, provides AI-driven fraud prevention for card-not-present transactions, account takeover, and merchant fraud. It is a direct competitor in transaction-level fraud analytics for FIs and payment processors.
• Sift: Sift provides a digital trust and safety platform covering payment fraud, account takeover, and content abuse using AI on large-scale behavioral data. Its consortium-style data network and AI/ML approach are conceptually similar to Rippleshot's.
• Featurespace: Featurespace provides adaptive behavioral analytics for fraud and risk management, including card and payments fraud detection for banks, issuers, and payment processors. It competes head-to-head with Rippleshot on consortium/transactional analytics for card fraud.

Broad incumbents

• FICO: FICO Falcon Fraud Manager is one of the most widely deployed card fraud detection platforms among global card issuers. Both companies sell AI/ML-driven transaction scoring and fraud analytics to banks and card issuers, making FICO a direct competitor in the same buyer segment.
• NICE Actimize: NICE Actimize provides enterprise financial crime, AML, and fraud solutions to global banks and financial institutions, including card and payments fraud. It is a broader-suite incumbent overlapping with Rippleshot's card fraud detection capability.
• ACI Worldwide: ACI Worldwide offers payments fraud management and merchant fraud solutions to banks, processors, and billers. It competes with Rippleshot for FI fraud-detection spend and is positioned as a broader enterprise payments and risk platform.
• Brighterion (Mastercard): Brighterion, a Mastercard company, offers AI-based real-time fraud and risk scoring for financial institutions and payments providers. As a Mastercard-owned solution, it competes with Rippleshot's card fraud and merchant compromise intelligence, especially given Rippleshot's Mastercard partnership.
• SAS Fraud Management: SAS provides enterprise fraud detection and AML solutions used by major banks and card issuers. Its analytical depth and incumbency in fraud analytics make it a competing solution for the same FI buyer Rippleshot targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Rippleshot
• LinkedInlinkedin.com/company/3579250
• Facebookfacebook.com/602938736439318

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rippleshot