Riskified, which provides e-commerce fraud protection for enterprises, filed on Thursday with the SEC to raise up to $100 million.
Riskified states that it has built a next-generation e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers. While the company serves merchants of all sizes, it focuses on supporting enterprise merchants, which it defines as those with over $75 million in online sales per year. Its merchants operate in a variety of verticals and span 36 countries, and its network is made up of hundreds of merchants including Wish, Macy's, Wayfair, and Booking.com.
The Tel Aviv, Israel-based company was founded in 2012 and booked $188 million in revenue for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol RSKD. Riskified filed confidentially on April 16, 2021. Goldman Sachs, J.P. Morgan, Credit Suisse, Barclays, KeyBanc Capital Markets, Piper Sandler, Truist Securities, and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.
