Ravelin Technology

From Some Degree of transparency
Jump to: navigation, search

Ravelin
Private
Industry Fraud detection
Headquarters London, United Kingdom
Website ravelin.com

Ravelin is a fraud detection company based in London, UK. The company uses a combination of machine learning, graph databases and human insight.[1]

History[edit]

Ravelin was founded by previous employees of taxi app business Hailo in 2014.[2] After a beta period, during which the company participated in the Barclays TechStars Accelerator,[3] Ravelin was launched in February 2015.[4]

In May 2017, Ravelin had processed over 10 million requests per month across 20 clients including Deliveroo, Time Out, Quiqup and Verifone.[5]

Technology[edit]

Ravelin uses machine learning and artificial intelligence to help online businesses combat fraudulent payments by providing an associated fraud probability score based on their actions and behavioural signals.[6]

Awards and nominations[edit]

  • The Best Innovation in Fraud Prevention by CognitionX;[7]
  • The Hottest Cybersecurity Startup by The Europas Awards;[8]
  • Shortlisted for Young Entrepreneur by FSB Business Awards;[9]
  • Nominated for European Fintech Awards 2017 in the category of Risk, Intelligence and Security;[10]
  • 25th in an annual list of 100 most innovative new businesses in the UK;[5]
  • Named in FinTech City’s FinTech50 list for 2016.[11]

Funding[edit]

Ravelin is backed by Amadeus Capital Partners, Errol Damelin, Passion Capital, Paul Forster, Playfair Capital and Techstars.[12] The company raised £1.3M in September 2015 [13] and £3M in October 2016.[14]

Customers[edit]

Ravelin works with medium to large online businesses in a range of industries.[15] Customers include Deliveroo, Easy Taxi, Via,[16] YPlan, Urban Massage,[17] TimeOut, Quiqup and Verifone.[5]

References[edit]

Cite error: Invalid <references> tag; parameter "group" is allowed only. Use <references />, or <references group="..." />

  1. ^ "Ravelin Allows Businesses to Tackle Fraud via Machine Learning and Graph Networks". Payment Week. 23 May 2016. Retrieved 13 July 2017. 
  2. ^ "Fraud with Problems: Boss of detection platform Ravelin talks Hailo, fake credit cards and machine learning | City A.M". City A.M. 23 May 2016. Retrieved 13 July 2017. 
  3. ^ "Barclays | Second cohort of teams enrol on the Barclays Accelerator | Barclays Media Centre". Newsroom.barclays.com. 23 March 2015. Retrieved 13 July 2017. 
  4. ^ "Passion Capital Backs Ravelin’s Hybrid Approach To Tackling Online Fraud". TechCrunch. 12 March 2015. Retrieved 13 July 2017. 
  5. ^ a b c Donnelly, Shane (22 May 2017). "25. Ravelin – Startups 100 by Startups.co.uk: Start up a successful business". Startups.co.uk. Retrieved 13 July 2017. 
  6. ^ Bdaily Business News (18 October 2016). "Tech startup taking the fight to dark web fraudsters closes £3m funding round". Bdaily. Retrieved 13 July 2017. 
  7. ^ 12 June, 2017July 5, 2017 (7 June 2017). "CogX Awards Winners". CognitionX. Retrieved 13 July 2017. 
  8. ^ "The hottest tech startups of 2017 rocked London at The Europas Awards". TechCrunch. 16 June 2017. Retrieved 13 July 2017. 
  9. ^ fluid-digital.com. "2017 Shortlist". Fsbbusinessawards.london. Retrieved 13 July 2017. 
  10. ^ https://europe2017.fintech.nl/
  11. ^ "The FinTech50 2015". Fintechcity.com. Retrieved 13 July 2017. 
  12. ^ https://www.crunchbase.com/organization/ravelin/investors
  13. ^ "Ravelin raises over GBP 1.3 mln in funding". The Paypers. 29 September 2015. Retrieved 13 July 2017. 
  14. ^ "Amid Brexit data sharing uncertainty, UK fraud detection startup Ravelin scores £3M Series A". TechCrunch. 18 October 2016. Retrieved 13 July 2017. 
  15. ^ Finance (29 September 2015). "Ravelin raises £1.3 million from Passion Capital, Errol Damelin – Business Insider". Uk.businessinsider.com. Retrieved 13 July 2017. 
  16. ^ "Fraud detection firm Ravelin secures £3m in new funding to support expanding client base". Cambridge Network. 18 October 2016. Retrieved 13 July 2017. 
  17. ^ Williams, Henry (21 December 2016). "Top new businesses of 2016: Ravelin". Startups.co.uk. Retrieved 13 July 2017.