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12 Best Fraud Detection Startups Based Out of Massachusetts

12 Best Fraud Detection Startups Based Out of Massachusetts

This 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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website


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

Follow this startup or buy their offering:

Crunchbase

Website


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Linkedin


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter


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

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin

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