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Leading E-Commerce Security Software NoFraud Announces Significant Investment from PSG

Dec 08, 2020•over 4 years ago
New York

Description

NoFraud, a premier provider of full-service fraud prevention software to e-commerce merchants, today announced a significant investment from funds advised by PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies, marking NoFraud’s first outside investment. PSG’s Adam Marcus, Managing Director, and Govind Anand, Principal, have joined NoFraud’s Board of Directors. Financial terms were not disclosed.

Company Information

Company

No Fraud

Location

New York, New York, United States

About

About NoFraud NoFraud is an all-in-one fraud prevention solution that leverages a combination of human intelligence and AI-powered, multi-layered fraud screening technology to instantly detect and block fraudulent orders in real-time, eliminating chargebacks and boosting order approval rates. Our proprietary process takes care of fraud from start to finish, no merchant involvement required. With competitive rates, strong order approval rates, and guaranteed chargeback protection, NoFraud is a leading fraud prevention tool for eCommerce merchants who want to boost their bottom line and win the fight against fraud—for good. Learn more at www.nofraud.com.