Welp MagazineThis article showcases Welp Magazine’s top picks for the best ‘Fraud Detection’ startups. These startups are taking a variety of approaches to innovating in the Fraud Detection’ industry, but are all exceptional startups well worth a follow.
We selected these startups for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Welp Magazine hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.
1. MaxMind
The idea behind this startup: MaxMind provides IP geolocation and online fraud detection tools for businesses to prevent fraudulent online transactions.
Headquarters: Waltham, Massachusetts, United States
Industries: Fraud Detection, Internet, Software
Founders: Thomas Mather
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2. LocatePLUS
The idea behind this startup: LocatePLUS is an industry-leading provider of public information and investigative solutions.
Headquarters: Peabody, Massachusetts, United States
Industries: Fraud Detection, Information Services, Information Technology
Founders: Unknown
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3. Apex Network Solutions
The idea behind this startup: Apex Network Solutions provides installation and maintenance of existing security systems and components.
Headquarters: East Falmouth, Massachusetts, United States
Industries: Consumer, Fraud Detection, Security
Founders: Unknown
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4. Memento
The idea behind this startup: Memento delivers enterprise fraud and compliance solutions to credit unions and community banks in North America and Europe.
Headquarters: Concord, Massachusetts, United States
Industries: Compliance, Enterprise Software, Fraud Detection, Security
Founders: Unknown
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5. YAXA
The idea behind this startup: YAXA solution is a real-time risk monitoring and threat remediation platform for enterprises seeking to actively block malicious behaviors.
Headquarters: Concord, Massachusetts, United States
Industries: Cloud Infrastructure, Cloud Security, Cyber Security, Fraud Detection, Intrusion Detection, Machine Learning, Network Security, Web Apps
Founders: Kalpesh Sheth, Ramesh Gupta
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6. PiiQ Media & Risk
The idea behind this startup: The Only TRULY AUTOMATED SPEAR PHISHING SIMULATION for Social, Open, & Dark Web Risk & OSINT Business Intelligence tool
Headquarters: Cambridge, Massachusetts, United States
Industries: Compliance, Cyber Security, Fraud Detection, Intrusion Detection, Network Security, Physical Security, Simulation, Social Media Management, Software, Training
Founders: Aaron Barr, H Gun
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7. Trusteer
The idea behind this startup: Trusteer helps online banks, brokerages and retailers secure the consumer desktop from financial malware attacks and fraudulent websites.
Headquarters: Boston, Massachusetts, United States
Industries: Banking, E-Commerce, Fraud Detection, Internet, Network Security, Security, Software
Founders: Mickey Boodaei, Rakesh K. Loonkar
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8. Transmit Security
The idea behind this startup: Transmit Security is the market leading Low Code Platform for Authentication, Trust and Identity Management.
Headquarters: Boston, Massachusetts, United States
Industries: Cyber Security, Fraud Detection, Identity Management, Mobile, Security
Founders: Mickey Boodaei, Rakesh K. Loonkar
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9. InAuth
The idea behind this startup: InAuth helps organizations limit risk, remove friction and reduce fraud within their digital channels.
Headquarters: Boston, Massachusetts, United States
Industries: Android, Cyber Security, Fraud Detection, iOS, Mobile, Mobile Payments
Founders: Mike Patterson, Paul Marsolan
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10. Terainium LLC
The idea behind this startup: Tera Cloud is end-to-end SaaS spend management and AML platform
Headquarters: Boston, Massachusetts, United States
Industries: Cloud Computing, Credit Cards, Financial Services, FinTech, Fraud Detection, SaaS, Software, Supply Chain Management
Founders: Madhu Tera
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11. Delfigo Security
The idea behind this startup: Delfigo’s DSGateway solution provides on-premise authentication solutions to reduce identity theft and fraud at businesses premises.
Headquarters: Boston, Massachusetts, United States
Industries: Fraud Detection, Mobile, SaaS, Security, Software
Founders: Ralph Rodriguez
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12. Orbograph
The idea behind this startup: Orbograph is a Financial Services company.
Headquarters: Billerica, Massachusetts, United States
Industries: Billing, Financial Services, Fraud Detection, Information Technology, Payments, Software, Transaction Processing
Founders: Unknown
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