nSure.ai Overview
nSure is an AI-based fraud protection solution built for sellers of fraud-attractive goods and services such as gift cards, airline tickets, concert and sports tickets, hotel vouchers, software, and games. Backed by AXA, nSure is a chargeback guarantee service designed to meet the unique challenges of fraud-attractive goods, helping retailers reduce decline rates, increase revenue, and improve customer satisfaction.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Israeli predictive AI fraud protection startup nSure.ai raises $18M - SiliconANGLE
Israeli predictive AI fraud protection startup nSure.ai has raised $18 million in new funding to extend its anti-fraud services and meet growing demand. The company uses advanced AI technology to provide merchants insurance-backed fraud detection for digital goods sales. nSure.ai claims that online retailers sacrifice up to 30% of sales to fraud, and its offering has already proven successful in the prepaid and gaming sectors. The company has seen a 500% increase in revenue in slightly over a year. Notable customers include AXA S.A., Coda Payments Pte. Ltd., Kamet Ventures, Skytours-Online Inc., PayBis Ltd., and eTopupOnline.com LLC.
InvestmentCustomers
growth-positive
nSure.ai raises $6.8 million in Seed to develop AI fraud prevention for digital goods space
nSure.ai, a predictive AI fraud protection company, has raised $6.8 million in a Seed fundraising round. The funds will be used to further develop the companys predictive AI and machine learning algorithms. nSure.ai focuses on reducing decline rates for digital goods retailers from the industry standard of 20% to only 2%. The companys solution monitors and manages millions of transactions every month and has approved close to $1 billion in volume since going live. With its accurate fraud-detection strategy, nSure.ai aims to help retailers recapture nearly $100 billion a year in revenue lost by declining legitimate customers. The investors in the fundraising round include Disruptive AI, Phoenix Insurance, Kamet, Moneta Seeds, and private investors.
Investment
| Sector | Business Software |
Funding
| Total funding | $25.35M |
| Last funding | $18M |
| Stage | A |
| Rounds | 3 |
| Investors | 6 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.nsure.ai |
| Careers | Careers page |
Locations
Rokach Blvd 97, Tel Aviv-Yafo, Israel
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