235-Montgomery Street New York, New York, United States
How Forter hit $51.7M Revenue with 10K customers in 2022.
Forter is a NYC-based company that delivers real-time, completely automated, fraud prevention solutions for online merchants. It creates a completely fraud-free environment for the retailers through which they have the ability to make decisions which are solely based on what is good for their business. The company‚Äôs system is designed to be consumer-centric, blocking fraud with accuracy, and at the same time enabling growth by increasing approvals and ensuring a better customer experience.
In 2022, Forter revenue run rate hit $51.7M in revenue.
Forter hit $51.7M in revenue in 2021
Forter hit $36M in revenue in 2020
Forter launched in 2013 with $0 revenue
Forter Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2021 Series F
Forter raised a Series F of $300M at a $3B valuation in May 2021
2020 Series E
Forter raised a Series E of $125M at a $1.2B valuation in November 2020
2018 Series D
Forter raised a Series D of $50M
2016 Series C
Forter raised a Series C of $32M
2014 Series B
Forter raised a Series B of $15M
2014 Series A
Forter raised a Series A of $3M
Forter has 492 total employees and 87 sales reps that carry a quota. They have 10000 customers an engineering team of 85 and a marketing team of 24
Total team size
At Forter we are creating a completely fraud-free payment environment for online transactions. We believe that by removing the fear of fraud retailers will drive more sales through their websites and mobile apps and will create a significantly better buying experience to their consumers and enable anyone to transact with them with ease.
Forter offers a very simple solution to the payment fraud by reviewing all the transactions and delivering 100 automated real-time frictionless yesno answers while completely covering all the fraud chargeback costs.