Riskified Ltd. (NYSE: RSKD)

Riskified Ltd. provides an AI-powered ecommerce risk intelligence platform that enables online merchants to increase approval rates, prevent fraudulent transactions, and manage chargebacks. It integrates with merchants’ systems to analyze hundreds of attributes per transaction in real time using proprietary machine learning models. The platform offers products such as Chargeback Guarantee, Policy Protect, Dispute Resolve, and Account Secure, all designed to generate revenue or cost savings while improving the consumer shopping experience.

The company generates revenue primarily by charging merchants a percentage of the gross merchandise value (GMV) approved under its Chargeback Guarantee product, which aligns its fees with the volume of safe transactions it authorizes. Additional revenue comes from fixed fees per transaction for Policy Protect, monthly platform fees plus per‑transaction fees for Dispute Resolve, and fixed fees per transaction for Account Secure and other fraud‑intelligence services. Revenue growth is driven by the total GMV processed on its network, which reached $155.1 billion for the year ended December 31, 2025.

Riskified Ltd. holds a leading position in the ecommerce risk intelligence market, competing against legacy rules‑based fraud platforms and costly in‑house manual review teams. Its competitive advantage stems from access to a global merchant network that supplies billions of transaction data points, enabling continuous improvement of its machine learning models and real‑time risk adjustments. The company’s flywheel effect—more data improves model accuracy, which attracts more merchants and drives higher GMV—creates barriers to entry and delivers strong return on investment for its customers.

The company serves a diverse base of online merchants ranging from small pure‑play stores to multi‑billion dollar global omnichannel retailers, with a focus on enterprise merchants that generate over $75 million in online sales per year. Notable customers include Ring, Lastminute.com, SHEIN, and Macy’s, and its network encompasses hundreds of merchants across verticals such as Tickets & Travel, Fashion and Luxury, Money Transfer and Payments, Electronics, Home, and General retail. Approximately fifty publicly traded companies worldwide and about 54% of its billings for 2025 originated from US‑based accounts.