Fraud Prevention Technology Leader Forter Closes $50 Million
Forter, an ecommerce fraud prevention company designed to protect merchants during each stage of the customer lifecycle in real time, secured $50 million in a Series D financing round led by March Capital Partners, with participation from Salesforce Ventures and previous investors Sequoia Capital, New Enterprise Associates, and Scale Venture Partners.
The funding round is Forter’s largest to date, bringing the company’s total financing to $100 million since its founding in 2013. According to the company, it processes $50 billion of transactions annually and is the only solution to provide an end-to-end identity management platform for risk-based decisions. Forter says it has tripled its customer base, broadened its product offering, and was recognized on the Forbes Fintech 50 and Fast Company’s Most Innovative Companies lists. The company also expanded into Europe with the opening of its first London office and is growing its management team and client base in the UK.