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Fraud prevention startup Forter raises $300m Series F led by Tiger Global

New York-based provider of e-commerce fraud prevention solutions raised $300 million in Series F funding led by Tiger Global. 

Forter today focuses mainly on identifying fraud at the point of transaction and building an AI-based platform that “learns” more behaviors to improve its accuracy; it also builds models that keep more people transacting and helps bring down the number of “false positives” where activity that appears suspicious actually is not.

Tags

e-commerce, fraud prevention, new york, tiger