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. Netsweeper
The idea behind this startup: Netsweeper delivers uniquely flexible and powerful web filtering and web threat management software solutions to the telecom, enterprise.
Headquarters: Waterloo, Ontario, Canada
Industries: Enterprise Software, Fraud Detection, Network Security, Software
Founders: Perry J. Roach
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2. Apaylo
The idea behind this startup: E-Commerce, Finance, FinTech, Mobile Payments, Payments, SaaS, Transaction Processing
Headquarters: Vaughan, Ontario, Canada
Industries: E-Commerce, FinTech, Fraud Detection, Mobile Payments, Payments, Transaction Processing
Founders: Michel Laval, Ryan Yates
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3. NuData Security, a Mastercard company
The idea behind this startup: NuData Security positively verifies users online through real-time passive biometrics and behavioral analytics.
Headquarters: Vancouver, British Columbia, Canada
Industries: Analytics, Cyber Security, Enterprise Software, Fraud Detection, Internet
Founders: Christopher Bailey, Michel Giasson
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4. ACL Services
The idea behind this startup: ACL Services is an enterprise governance software powered by data automation for audit, compliance, and risk management.
Headquarters: Vancouver, British Columbia, Canada
Industries: Big Data, Compliance, Enterprise Software, Fraud Detection, Risk Management, SaaS, Software
Founders: Unknown
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5. Equifax Canada
The idea behind this startup: Equifax Canada provides credit bureau and information reports for businesses.
Headquarters: Toronto, Ontario, Canada
Industries: Credit Bureau, Financial Services, Fraud Detection, Information Technology
Founders: Unknown
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6. Ethoca
The idea behind this startup: Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.
Headquarters: Toronto, Ontario, Canada
Industries: E-Commerce, Financial Services, FinTech, Fraud Detection
Founders: Andre Edelbrock, Trevor Clarke
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7. F8th
The idea behind this startup: F8th is a fraud detection system.
Headquarters: Toronto, Ontario, Canada
Industries: Fraud Detection
Founders: Unknown
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8. Proof Zero
The idea behind this startup: Proof Zero connects data with confidence, turning data complexity into opportunity.
Headquarters: Toronto, Ontario, Canada
Industries: Big Data, Business Intelligence, Compliance, Cyber Security, Fraud Detection, Identity Management, Internet, Software
Founders: Adrian Maurer, Alexander Flanagan
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9. Verafin
The idea behind this startup: Verafin provides a software platform that specializes in financial crime management solutions.
Headquarters: St. John’s, Newfoundland, Canada
Industries: Compliance, Enterprise Software, Finance, Fraud Detection, Information Technology, Security, Software
Founders: Brendan Brothers, Jamie King, Raymond Pretty
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10. idAlerts
The idea behind this startup: idAlerts is a Canada-based company that offers its users with identity theft protection and credit management tools.
Headquarters: Oakville, Ontario, Canada
Industries: Brand Marketing, Customer Service, Cyber Security, Fraud Detection, Security
Founders: Unknown
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11. SmartPay Me
The idea behind this startup: White-Label Mobile Instant Checkout (EMV/SCA/PSD2/PISP/TISP) solution with Biometry for banks & retailers, disrupting payments cards rails
Headquarters: Montréal, Quebec, Canada
Industries: Banking, E-Commerce, FinTech, Fraud Detection, Mobile Payments, Payments, Retail, Retail Technology, Transaction Processing
Founders: Charles Nouyrit, Olivier Locufier
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12. Sentrant Security
The idea behind this startup: Detecting non-human user activity throughout the Internet
Headquarters: Fredericton, New Brunswick, Canada
Industries: Fraud Detection, Security
Founders: Ehsan Mokhtari, Hadi Shiravi
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13. INETCO Systems Limited
The idea behind this startup: INETCO Systems provides real-time transaction monitoring, analytics and data forwarding solutions.
Headquarters: Burnaby, British Columbia, Canada
Industries: Analytics, FinTech, Fraud Detection, Machine Learning, Software
Founders: Angus Telfer, Bijan Sanii
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