Coris

What Coris does

Coris is an AI-native merchant risk infrastructure company serving vertical SaaS platforms, ISOs, payment facilitators, sponsor banks, marketplaces, and fintechs that need to onboard, underwrite, monitor, and manage merchant risk at scale. The company is headquartered in Palo Alto, California, was founded in 2022 by Vinodh Poyyapakkam (CEO) and Shyam Maddali (CTO), and is backed by Y Combinator with a $3.7M seed round led by Pathlight Ventures and Lux Capital in February 2024. Customers include GoFundMe, Weave, Kajabi, Clio, Tekmetric, Kustom, Autura, Ignition, Cherry Technologies, Foundation Finance, Quilt, Zift, Webconnex, Evolve, and Aurora Payment, among others, spanning healthcare SaaS, fintech, BNPL, automotive, events, and consumer financing verticals.

The core product is the Risk Platform, a unified system covering rules management, case management, AI agents, merchant data, integrations, and reporting across the full merchant lifecycle. Supporting modules include MerchantProfiler (merchant intelligence returning hundreds of structured signals across 50+ countries), CorShield (fraud model for business impersonation), Transaction Monitoring (real-time card and ACH fraud scoring), Merchant Monitoring (continuous portfolio surveillance), AI Agents (Vetting Agent, Portfolio Briefing Agent, Dispute Agent, Business Onboarding Pre-fill), and a Managed Risk service. The platform is processor-agnostic across Stripe, Adyen, TSYS, and Fiserv, integrates with Salesforce, Slack, Intercom, Zendesk, Snowflake, Redshift, Mastercard MATCH, and others, and is delivered through both a no-code Coris Portal and a Coris API. The underlying AI Merchant Intelligence Network covers 330 million merchants across 50+ countries. The company is SOC 2 Type II certified.

Coris operates a sales-led enterprise SaaS model with quote-based annual subscriptions priced on portfolio size and feature requirements, supported by ROI calculators, merchant exposure calculators, and detailed customer case studies. Go-to-market targets Chief Risk Officers, VPs of Risk, Heads of Underwriting, and Heads of Payments, with distribution via direct enterprise field sales, the no-code portal for mid-market self-service, and the API for technical enterprise integration. Platform-wide outcomes cited include 80%+ reduction in manual reviews, 5x first-year ROI, 1.5M+ merchants monitored, and $50B+ annualized transaction volume.

Name

Coris

Legal name

Coris, Inc.

Website

https://coris.ai

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Coris is an AI-native merchant risk platform that unifies onboarding, underwriting, fraud detection, portfolio monitoring, and disputes for SaaS platforms, ISOs, payment facilitators, banks, marketplaces, and fintechs. It is headquartered in Palo Alto, was founded in 2022, and is backed by Y Combinator.

Ownership category

akta.pro rank

Product category

Merchant Risk Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Processor-Agnostic / White-Label Acquiring Platforms (Acquiring-as-a-Service) (FSAMABAI)

akta.pro secondary industry

Merchant Acquiring & Processing Platforms (BPAMAFAB)

Keywords

• Merchant risk management
• Payment fraud detection
• Merchant underwriting software
• Transaction monitoring platform
• AI risk infrastructure

Headquarters

HQ city

Palo Alto

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform/SaaS Subscription: Coris operates as a SaaS platform providing access to their AI merchant risk infrastructure. Pricing is based on platform usage with subscription model. Customers pay for access to the Risk Platform, MerchantProfiler, CorShield, Transaction Monitoring, and AI Agents capabilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Coris sells an AI-native merchant risk platform that unifies merchant onboarding, underwriting, real-time transaction fraud scoring, and continuous portfolio monitoring for SaaS platforms with embedded payments, payment processors, ISOs, payfacs, sponsor banks, marketplaces, and lending companies. The platform is built on a proprietary AI Merchant Intelligence Network covering 330M merchants across 50+ countries, is delivered via a no-code portal and API, and is processor-agnostic across Stripe, Adyen, TSYS, and Fiserv.

Product overview

Coris is an AI-native merchant risk platform that offers a modular, integrated product architecture. The core offering is the Risk Platform, a unified platform for rules management, case management, AI agents, merchant data, integrations, and reporting across onboarding, underwriting, and monitoring workflows. Supporting this platform are specialized modules including MerchantProfiler (merchant intelligence returning hundreds of structured signals across 50+ countries), CorShield (fraud model for business impersonation detection), Transaction Monitoring (real-time fraud scoring for card and ACH payments), and Merchant Monitoring (continuous monitoring across transaction, business, and risk signals). AI Agents provide configurable automation for onboarding, monitoring, and review workflows with human-in-the-loop escalation. Managed Risk offers a fully-managed service for companies wanting Coris to operate their risk program. The platform is processor-agnostic, supporting Stripe, Adyen, TSYS, and Fiserv, and offers both a no-code Coris Portal interface and a Coris API for programmatic access.

Differentiator

Problem solved

Functional benefit

Brands

• Risk Platform: Unified platform for rules management, case management, AI agents, merchant data, integrations, and reporting across onboarding, underwriting, and monitoring workflows.
• MerchantProfiler
• CorShield
• Transaction Monitoring
• Merchant Monitoring
• AI Agents
• Managed Risk

Products and services

• Risk Platform Unified risk decisioning platform for rules management, case management, AI agents, merchant data, integrations, and reporting across onboarding, underwriting, monitoring, and dispute workflows. Sold to SaaS platforms with embedded payments, ISOs, payfacs, sponsor banks, marketplaces, BNPL/POS financing, B2B payments, and lending companies.
• Merchant Intelligence (MerchantProfiler) Merchant intelligence solution that returns hundreds of structured signals including business registration, industry classification, website insights, online reviews, adverse media, litigation, commercial credit, and bank verification across 50+ countries to automate underwriting.
• Transaction Monitoring Real-time fraud scoring for card and ACH payments built for platforms processing payments, designed to detect anomalies, fraud, and noncompliance and act before money moves.
• AI Agents Configurable AI agents and assistants that automate onboarding, monitoring, periodic review, and dispute workflows with human-in-the-loop escalation, including Vetting Agent, Portfolio Briefing Agent, Dispute Agent, and Business Onboarding Pre-fill.
• Managed Risk Managed merchant risk service where Coris operates a complete risk program on the customer's behalf, enabling companies to launch and scale payments without building an in-house risk team.
• Coris API Direct API access for merchant screening, onboarding, and monitoring workflows, with developer documentation at the Coris developer portal.
• Coris Portal No-code web interface for reviewing merchant risk profiles, alerts, and case management, enabling self-service access alongside the Coris API.

Quantifiable outcome

• 80%+ reduction in manual reviews
• +9 more outcomes

Named customers21 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability7 records

Feature10 records

Partnerships

17 partnerships are on record, tiered core, key and supporting.

• StripecoreTechnology or IntegrationStripe integration syncs merchant data from Stripe Connect, incorporates transaction data into risk models, and automates actions. Coris is designed to complement Stripe Connect and close processor-specific gaps for platforms.
• AdyencoreTechnology or IntegrationAdyen integration syncs merchant data from Adyen (AfP), incorporates transaction data into risk models, and automates actions.
• TSYScoreTechnology or IntegrationTSYS integration enables risk teams to modernize underwriting and monitoring without changing payment processor rails.
• FiservcoreTechnology or IntegrationFiserv integration enables risk teams to modernize underwriting and monitoring without changing payment processor rails.
• SalesforcekeyTechnology or IntegrationSalesforce integration creates cases and automates merchant outreach based on risk rules, with seamless data sync between platforms. Pulls merchant and opportunity data into underwriting and syncs risk decisions back automatically.
• IntercomsupportingTechnology or IntegrationIntercom integration creates cases and automates merchant outreach based on risk rules.
• SlacksupportingTechnology or IntegrationSlack integration delivers real-time risk alerts and case updates, coordinates reviews, and speeds up response across teams.
• Mastercard (MATCH)keyTechnology or IntegrationIntegration automatically screens merchants against Mastercard's terminated merchant database (MATCH) for compliance.
• EmailagesupportingTechnology or IntegrationEmailage integration provides comprehensive email metadata analysis on every merchant application for identity fraud prevention.
• ScamAdvisersupportingTechnology or IntegrationScamAdviser integration evaluates merchant website legitimacy and detects fraudulent online presence to prevent identity fraud.
• CreditsafekeyTechnology or IntegrationCreditsafe integration automatically pulls EU business credit data during onboarding, accesses full reports, and sets up continuous monitoring.
• AlloysupportingTechnology or IntegrationAlloy orchestration integration provides access to merchant intelligence and fraud models directly through the Alloy platform.
• TaktilesupportingTechnology or IntegrationTaktile orchestration integration provides access to merchant intelligence and fraud models directly through the Taktile platform.
• PACERkeyTechnology or IntegrationPACER integration automatically surfaces bankruptcy events on merchants and business owners during onboarding and ongoing monitoring.
• RedshiftsupportingTechnology or IntegrationRedshift integration connects data warehouse to combine platform data with Coris intelligence for custom risk rules and automation.
• SnowflakesupportingTechnology or IntegrationSnowflake integration connects data warehouse to combine platform data with Coris intelligence for custom risk rules and automation.
• ZendesksupportingTechnology or IntegrationZendesk integration creates cases and automates merchant outreach based on risk rules.

Scale indicators22 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Alloy: Identity decisioning and risk orchestration platform serving banks, fintechs, and platforms. Comparable to Coris because both sit between SaaS/payments platforms and underlying identity, fraud, and compliance data sources to automate onboarding and ongoing risk decisions. Coris even lists Alloy as an integration partner, indicating overlapping customer and workflow reach.
• TruNarrative (Featurespace): Financial crime, KYC, and merchant onboarding risk platform for banks, lenders, and payment providers. Directly comparable to Coris as it addresses merchant onboarding risk and transaction monitoring workflows for the same financial-services buyer set, often via similar enterprise sales motion.
• Taktile: Decisioning orchestration platform for fintechs, lenders, and insurers. Comparable to Coris because both enable risk teams to automate underwriting and ongoing monitoring workflows through configurable decision logic and third-party data integrations. Coris lists Taktile as an integration partner, evidencing overlapping buyer and workflow scope.
• Sift: Digital trust and fraud prevention platform offering transaction monitoring, account defense, and content integrity for marketplaces, fintechs, and payment platforms. Comparable to Coris because it overlaps on payment fraud scoring and merchant/user risk scoring for platforms processing payments at scale.

Emerging players

• Persona: Identity verification and KYC orchestration platform used by fintechs, marketplaces, and vertical SaaS platforms. Comparable to Coris because both serve SaaS and fintech buyers automating identity/business verification during onboarding and ongoing risk workflows, though Persona focuses on consumer identity whereas Coris emphasizes merchant intelligence.

Broad incumbents

• Feedzai: Large, established financial-crime and fraud-detection platform serving global banks and payment processors. Comparable to Coris because it covers transaction monitoring and onboarding risk for the same buyer categories, but as a broader incumbent with a much larger customer base and product portfolio.
• Featurespace: Established AML and fraud-detection vendor, now the parent of TruNarrative. Comparable to Coris because it provides enterprise-scale risk analytics for banks and payments providers across onboarding, transaction monitoring, and ongoing risk, with significantly broader installed base and capital.
• Ekata (Mastercard Identity): Identity verification data and decisioning product owned by Mastercard, widely used by payments and fintech companies for merchant and consumer identity verification. Comparable to Coris because it provides commercial identity signals (similar to Coris' MerchantProfiler) that feed onboarding and underwriting workflows.
• Riskified: Public, established e-commerce fraud-prevention platform serving merchants and marketplaces. Comparable to Coris because both offer AI-driven transaction-fraud scoring, but Riskified focuses on consumer checkout fraud for merchants rather than merchant-level onboarding and portfolio risk for platforms.

Regional players

• NorthRow: KYC, AML, and merchant onboarding risk platform primarily serving UK and European financial institutions and payment providers. Comparable to Coris because it covers onboarding, ongoing monitoring, and case management workflows, though with stronger regional concentration than Coris' global footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/corisinc
• Xx.com/CorisInc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors4 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 Coris