Tech Company Financing Transactions
Rippleshot Funding Round
Rippleshot closed a $2.6 million financing round on 2/9/2017. Investors included KDWC Ventures, CMFG Ventures and CUNA Mutual Group.
Transaction Overview
Company Name
Announced On
2/9/2017
Transaction Type
Venture Equity
Amount
$2,600,000
Round
Undisclosed
Investors
Proceeds Purpose
Rippleshot will use the new funding to grow its technical team of developers and data scientists in order to support the Company's continued growth in the credit union and banking market, as well as an expansion into the merchant fraud detection space.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
227 W Monroe St. 5200
Chicago, IL 60606
USA
Chicago, IL 60606
USA
Phone
Website
Email Address
Overview
Rippleshot looks for the original cause of cards going fraudulent, often the result of a data breach. Instead of looking at consumer behavior, Rippleshot looks at the merchant. Consumers visit a compromised merchant and pick up a shadow fraudster, who spends from a pirated version of the consumer's card.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Canh Tran
Chief Scientific Officer
Randal Cox
Chief Technical Officer
Yueyu Fu
VP - Marketing
Anna Kragie
VP - Product Management
Jennifer Fout
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