Fraud prevention tech platform Forter bags $125 mn in Series E funding
Forter, an e-commerce fraud prevention company, announced it has raised $125 million at over $1.3 billion valuation in Series E funding led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon. Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures also participated in the funding round. “We set out to create a global coalition of merchants, banks and payment providers that fight fraud together. The company’s global network provides a comprehensive view of both fraudulent and legitimate customer behaviors, allowing incredibly accurate fraud decisions with enhanced customer experience. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.