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No Fraud LLC

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Year established

2014

Location

New York city NY US

Primary Industry

IT Security/Cybersecurity

About

Based in New York, US, and founded in 2014 by co-founders Isaac Gurary and Shaya Posner, No Fraud LLC operates as a fraud prevention company providing artificial intelligence-based technology for identification of fraud detection to protecting eCommerce businesses from fraudulent activities. In November 2020, PSG Equity invested in No Fraud LLC. No Fraud LLC offers a variety of fraud prevention solutions, including NoFraud Protection, NoFraud Checkout, and Chargeback Management. It leverages a combination of AI and human oversight to provide instant pass and fail decisions on transactions to reduce the risk of fraud while improving order approval rates. The company’ checkout manages the purchasing process, reducing cart abandonment and improving the customer experience. In addition, the firm’s the chargeback management service supports businesses to manage and dispute chargebacks and improving their bottom line. As of 2024, the company’s products integrate with major eCommerce platforms such as Shopify, BigCommerce, WooCommerce, and Adobe Commerce.
Current Investors
PSG Equity

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Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Systems Management Software, Monitoring & Security Software, Application Integration Software
Website
www.nofraud.com
Verticals
Artificial Intelligence, Blockchain, E-commerce
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only

Deals

Deals Type
Growth
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed No Fraud LLC 01 Nov 2020
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