Blockify Inc.
Blockify Inc. is a Nassau, Bahamas-based blockchain and Web3 company that provides e-commerce fraud prevention through a self-serve platform integrated with Shopify and Wix, protecting 30,000+ SMB merchants and processing 600M+ monthly visits.
- Company typePrivate
- Founded2021
- HeadquartersNassau, Bahamas
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Blockify Inc. does
Blockify Inc. is a blockchain and Web3 infrastructure company headquartered in Nassau, Bahamas, founded in 2021. Its core commercial product, the Blockify Store Protection Platform, provides e-commerce fraud prevention and checkout optimization, distributed as a self-serve integration through the Shopify App Store and Wix App Marketplace. According to company-reported metrics, the platform protects more than 30,000 active merchants, processes over 600 million monthly visits, and blocks approximately $36 million in fraudulent orders per month while delivering up to 30% higher purchase rates for users. Underlying technology combines blockchain/Web3 infrastructure with real-time anomaly detection on structured transaction, order, and behavioral signals.
Beyond fraud prevention, Blockify is developing two Web3-native products: Blok Ads, a planned Web3 advertising platform that connects brands with consumers via crypto rewards (target launch Q2 2023), and a Social Interaction Platform focused on user control over data and assets in a DeFi context. The core platform is built on DeFi and Web3 technologies, with proprietary positioning around integration interoperability across e-commerce platforms.
The business model centers on subscription/recurring revenue from e-commerce merchants for fraud prevention services, with a planned secondary advertising revenue stream from Blok Ads upon launch. Distribution is product-led through marketplace integrations (Shopify, Wix), targeting SMB merchants globally rather than enterprise sales. To date, the company has raised approximately $2.4 million across disclosed funding events, with a $2.2 million seed round in August 2022 being the largest.
Blockify Inc. firmographics
Firmographics- Name
- Blockify Inc.
- Legal name
- Blockify Inc
- Website
- https://blockify.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Blockify Inc. is a Nassau, Bahamas-based blockchain and Web3 company that provides e-commerce fraud prevention through a self-serve platform integrated with Shopify and Wix, protecting 30,000+ SMB merchants and processing 600M+ monthly visits.
- Ownership category
- akta.pro rank
Blockify Inc. industry classification
Industry- Product category
- E-commerce Fraud Prevention Software
- akta.pro primary industry
- Marketplace & E-commerce Trust & Safety (Listings, Sellers, Reviews) (BPAAALAB)
- akta.pro secondary industry
- Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ)
Keywords
Where Blockify Inc. is headquartered
LocationHeadquarters
- HQ city
- Nassau
- HQ country
- Bahamas
Markets served
Blockify Inc. business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fraud Prevention/Security Services: Revenue generated from providing security and fraud prevention services to e-commerce merchants, with merchants reporting up to 30% higher purchase rates and the platform blocking approximately $36 million in fraudulent orders monthly
- Blok Ads Platform: Web3 advertising platform planned to connect brands and consumers via crypto rewards, generating revenue through advertising fees and crypto reward mechanisms
Go-to-market motion1 record
Distribution channels2 records
Blockify Inc. product offering
Product offeringCore offering
Blockify sells a Store Protection Platform that delivers real-time fraud detection, fraudulent order blocking, and checkout optimization for e-commerce merchants, distributed natively through the Shopify and Wix app stores. On top of this core offering, the company is building Web3-native products including Blok Ads (a crypto-reward advertising platform) and a Social Interaction Platform that gives users control over data and assets on DeFi rails. The business is product-led and self-serve, targeting SMB merchants globally.
Product overview
Blockify Inc. operates as a blockchain technology company developing multiple Web3 and DeFi-related products. The portfolio includes Blockify Store Protection Platform (core product) for e-commerce fraud prevention integrated with Shopify and Wix, Blok Ads (Web3 advertising platform connecting brands with consumers via crypto rewards), and a Social Interaction Platform focused on user data and asset control.
Differentiator
Problem solved
Functional benefit
Brands
- Blok Ads: A Web3 advertising platform designed to connect brands and consumers via crypto rewards.
Products and services
- Blockify Store Protection Platform An e-commerce security and fraud prevention platform that protects online stores from fraudulent transactions, optimizes checkout workflows, and reduces cart abandonment. Currently integrated with Shopify and Wix app marketplaces and protecting over 30,000 active merchants.
- Blok Ads A Web3 advertising platform that connects brands with consumers through cryptocurrency rewards, built on decentralized finance (DeFi) infrastructure for crypto-native brand engagement.
- Social Interaction Platform A Web3 and DeFi-related social interaction platform that enables enhanced user control over data and assets within decentralized infrastructure.
Quantifiable outcome
- Up to 30% higher purchase rates for merchants using Blockify
- +2 more outcomes
Companies that use Blockify Inc.
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Blockify Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature3 records
Blockify Inc. partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ShopifycoreBlockify provides native integration with Shopify platform, offering security and fraud prevention tools for Shopify merchants. The partnership allows seamless onboarding for over 30,000 merchants to protect their stores.
- WixcoreBlockify provides native integration with Wix platform, offering security and fraud prevention tools for Wix merchants. The partnership enables merchants to access fraud prevention capabilities directly through the Wix platform.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Blockify Inc. competitors and assessment
Company assessmentDirect peers
- Signifyd: Signifyd provides e-commerce fraud prevention and chargeback protection, with deep Shopify and other platform integrations — directly competing with Blockify's Store Protection Platform for the same SMB and mid-market merchants.
- Riskified: Riskified offers AI-driven e-commerce fraud prevention and chargeback guarantee for online merchants, serving the same Shopify/Wix merchant base that Blockify targets with its fraud-blocking product.
- Sift: Sift provides a digital trust and safety platform spanning fraud detection, account abuse, and content integrity for e-commerce and fintech — overlapping directly with Blockify's transaction-level fraud screening capability.
- Forter: Forter delivers real-time e-commerce fraud prevention with an identity-based decisioning approach, competing for the same Shopify and direct-to-consumer merchants as Blockify.
- NoFraud: NoFraud offers e-commerce fraud screening and chargeback prevention explicitly targeted at SMB and mid-market online merchants, including Shopify integrations — a very close comparable to Blockify's positioning.
Broad incumbents
- Kount: Kount, now part of Equifax, is an established fraud-prevention platform serving merchants, payments, and financial services; it overlaps with Blockify's transaction-screening use case but operates at a much broader enterprise scale.
- Stripe Radar: Stripe Radar offers ML-based fraud prevention built into Stripe payments; while not Shopify-native, it competes for the same underlying e-commerce fraud budgets and is a default option for many merchants evaluating tools like Blockify.
- Accertify: Accertify is an established enterprise fraud-prevention vendor serving airlines, retail, and digital goods; it competes in the broader fraud-prevention category rather than Blockify's SMB Shopify/Wix niche.
- Shopify (Built-in Fraud Analysis & Shopify Protect): Shopify itself provides built-in fraud analysis on orders and Shopify Protect for chargeback coverage; as the platform owner, it is both Blockify's distribution channel and its most direct competitive threat.
Emerging players
- Bolt: Bolt provides one-click checkout and fraud prevention for merchants on platforms including Shopify; its embedded checkout-with-fraud component is a feature-overlap rather than full-suite competitor to Blockify.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
Blockify Inc. social profiles
Digital presenceBlockify Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blockify Inc. leadership team
Management profileNumber of profiles
Profiles1 record
Blockify Inc. funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blockify Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blockify Inc.
What does Blockify Inc. do?
Blockify sells a Store Protection Platform that delivers real-time fraud detection, fraudulent order blocking, and checkout optimization for e-commerce merchants, distributed natively through the Shopify and Wix app stores. On top of this core offering, the company is building Web3-native products including Blok Ads (a crypto-reward advertising platform) and a Social Interaction Platform that gives users control over data and assets on DeFi rails. The business is product-led and self-serve, targeting SMB merchants globally.
Is Blockify Inc. a public or private company?
Blockify Inc. is a private company. It is classified as venture growth investor backed and is currently operating.
When was Blockify Inc. founded?
Blockify Inc. was founded in 2021. It employs 11 to 50 people.
Where is Blockify Inc. based?
Blockify Inc. is headquartered in Nassau, Bahamas.
How does Blockify Inc. make money?
Two revenue lines are on record. Fraud Prevention/Security Services are the primary driver. The others are blok Ads Platform.
Who are Blockify Inc.'s main competitors?
Direct peers on record are Signifyd, Riskified, Sift, Forter and NoFraud. Broad incumbents are Kount, Stripe Radar, Accertify and Shopify (Built-in Fraud Analysis & Shopify Protect). Bolt is listed as an emerging player.
Does Blockify Inc. have an API?
No public API is recorded for Blockify Inc..
What industry is Blockify Inc. in?
Blockify Inc.'s product category is E-commerce Fraud Prevention Software. Its primary akta.pro industry code is BPAAALAB, Marketplace & E-commerce Trust & Safety (Listings, Sellers, Reviews), with a secondary code of FSAGAMAJ, Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring).