Paygilant Ltd.

Paygilant Ltd. provides innovative fraud prevention solutions for the financial technology sector, focusing on enhancing security for digital banking, eWallets, and cryptocurrency platforms while ensuring a seamless user experience. Founded in 2014 and headquartered in Ramat Gan, Israel, Paygilant Ltd. specializes in fraud prevention solutions designed for the fintech industry.

The company has undergone strategic developments to enhance its offerings but maintains a consistent focus on fraud detection since inception. Paygilant has engaged in 2 investment deals, with the most recent occurring in October 2019, where it raised USD 0. 75 mn from Connecticut Innovations. The CEO of the company is Ziv Cohen, who has a background in leading technology firms.

Paygilant specializes in frictionless fraud prevention solutions tailored for financial technology sectors, including neo/challenger banks, digital banking, eWallets, and cryptocurrency platforms. Their core offering comprises an advanced fraud detection system that utilizes six distinct intelligence sets to differentiate between legitimate and fraudulent activities throughout a user's transaction journey. This solution operates in real-time, continuously assessing various user attributes and behaviors to provide a risk score, enhancing security without compromising user experience. Paygilant's technology addresses multiple fraud types, such as account takeover, transaction fraud, and money laundering, thereby safeguarding fintech ecosystems.

The company serves a diverse clientele, including firms like Tenpo in Chile and Surf Bank in Brazil, and targets markets across North America, Europe, and Asia. Paygilant generates revenue primarily through a subscription-based model, which allows clients to integrate their fraud prevention technologies seamlessly within existing systems. This model facilitates ongoing partnerships with financial institutions requiring continuous risk assessment and fraud detection capabilities. The company's revenue structure is anchored in providing a fully managed service that includes not only the deployment of their fraud prevention tools but also dedicated technical support and fraud analysis services.

This comprehensive offering ensures clients can effectively manage fraud risks while enhancing user experience. While specific pricing plans are not disclosed, the focus on tailored solutions implies that fees may vary based on client needs and the scope of implementation, particularly for their flagship fraud prevention solution designed for digital banking applications. In October 2019, Paygilant Ltd. raised USD 0.

75 mn in venture funding, which is earmarked to support the development of new products and enhance their market presence. The company is focused on expanding its fraud prevention solutions into new international markets, particularly in regions where digital banking is rapidly growing. These initiatives aim to establish Paygilant as a key player in the evolving fintech landscape.