Paygilant

Company Overview

Snapshot

Founded in September 2015, Paygilant operates with 11–50 employees. The company has secured funding across four rounds. In September 2017, Paygilant was selected by The Mobile Wallet (TMW) in India to protect its customers against fraud, highlighting its growth in mobile payment security.

Business overview

Paygilant delivers frictionless fraud prevention and detection solutions tailored for the digital banking sector. Its patented technology leverages six proprietary intelligence sets to provide real-time value across the entire user journey. The company's core product helps neo/challenger banks and eWallets mitigate financial losses due to fraud while maintaining a seamless user experience, without compromising privacy. Paygilant operates within the Cyber Security, Fintech & Insurtech, and Data Security sectors, serving financial institutions globally, including markets in Japan, South America, Peru, Chile, and Brazil.

Strategic signal

In October 2022, Paygilant was highlighted in a discussion about the persistent challenge of phishing scams in cybersecurity, underscoring the ongoing need for advanced fraud prevention technologies despite human vulnerabilities. This signals a continuous market demand for robust solutions like Paygilant's, even as the industry grapples with evolving threats.

Company Intelligence Q&A

What is Paygilant's core offering in the market?

Paygilant provides frictionless fraud prevention and detection solutions specifically designed for the digital banking sector. Its patented technology uses six proprietary intelligence sets to deliver value throughout the user journey, helping neo/challenger banks and eWallets prevent fraud without compromising user experience or privacy.

When was Paygilant founded and what is its employee size?

Paygilant was founded in September 2015 and currently operates with 11–50 employees.

What significant partnership did Paygilant announce in 2020?

In November 2020, Paygilant announced a partnership with Banco de Comercio, a private bank in South America. This collaboration aimed to provide fraud prevention and a frictionless customer experience for the bank's Peruvian customers, supporting Banco de Comercio's digitization efforts.

Which investors participated in Paygilant's June 2015 funding round?

In June 2015, Paygilant received funding from investors including Moneta VC.

What was a key strategic customer win for Paygilant in 2017?

In September 2017, Paygilant was selected by The Mobile Wallet (TMW) in India to implement its frictionless, on-device solution for mobile payment fraud detection. This partnership aimed to combat mobile payment fraud and enhance the security environment for TMW's customers.