Revenue growth, network expansion and new funding confirms Forter as fraud prevention market leader
This morning we hit yet another significant milestone with the announcement of $300M in Series F funding led by Tiger Global Management.
With a valuation of $3 billion Forter is now the most valuable privately held company in the fraud prevention industry. This announcement represents the market’s appreciation of the terrific progress we’ve made in the past 12 months, and the huge opportunity we still have ahead. During the past 12 months Forter doubled our revenue; doubled the size of our global network of merchants and exceeded $250Bn in annual online transactions.
In creating this ecosystem of trust, we are enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together, boost confidence and improve the shoppers’ experience across the entire purchasing journey.
Check out the press release that we distributed this morning or this Forbes article for more context.