Signifyd raises $205m in Series E featuring FIS
Fraud protection firm Signifyd has raised $205 million of Series E growth equity in a funding round led by Owl Rock Capital.
The round also saw participation from FIS, Canada Pension Plan Investment Board (CPP Investments) and Neuberger Berman Investment Advisers.
The new investment values Signifyd at $1.34 billion. The firm says it adds “significant resources” to expanding Signifyd’s Commerce Protection Platform and identity graph offerings.
Founded in 2011, the fraud protection firm has raised $390 million in total, with the vast majority of that figure coming from rounds since 2017.
Signifyd notes 2020 as a landmark year in its announcement. The firm signed new customers Samsung, Lenovo, and Walmart, and tripled its staff headcount in Europe.
The antifraud company says it designed its Commerce Protection Platform to provide “comprehensive fraud protection, abuse prevention and payment optimisation”.
It adds the combination of new investment and accompanying expertise will help Signifyd accelerate an expansion in Latin America.
“Last year we saw e-commerce sales and influence propelled into 2025,” says CEO Raj Ramanand. “Yet the online checkout experience is stuck in 2015.
“With this latest investment, Signifyd has the roadmap, the resources and technical talent to enable merchants to push the customer experience to that future state.”
Owl Rock managing director, Kurt Tenenbaum, calls Signifyd a “market leader in commerce protection”.
He adds that consumer preferences are driving “an e-commerce inflection point we didn’t think we’d see for several years”.