/Companies

Forter

Unicorn · $3B

New York, IL · Founded 2013 · 715 employees on LinkedIn · 21 known investors

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Forter provides identity intelligence and fraud prevention for digital commerce. The platform automates transaction decisions for online retailers and payment processors to improve approval rates while detecting fraudulent activity.

Also known as Forter Inc.

Founders & leadership

Forter was founded in 2013 by Alon Shemesh, Michael Reitblat, and Liron Damri.

ASAlon Shemesh
Alon ShemeshCo-Founder & Chief Analyst2013–2022
MRMichael Reitblat
Michael ReitblatCEO and Co-FounderMichael Reitblat is co-founder and CEO of Forter, which provides identity intelligence and fraud prevention for digital commerce, automating transaction decisions for online retailers and payment processors.
LDLiron Damri
Liron DamriCo-founderLiron Damri co-founded Forter in 2013 and served as its COO before taking on the president role in 2017. He previously led risk and business analytics teams at PayPal across the Americas and LATAM, worked in operations at Fraud Sciences prior to its PayPal acquisition, was CEO of Scikik, and served as a political analyst in the Israel Defense Forces.

Investors · 21

HoneyBookreportedSan Francisco

How we know: a partner's Signal profile · Not right? Tell us

Also in the syndicate · 2

Itai TsiddonleadMarch Capital

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$3Bvaluation at Series FMay 2021
filing ↗
$1.3Bvaluation at Series ENov 2020
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Forter operates a platform that makes automated, real-time decisions about digital commerce interactions based on an assessment of the identity behind each interaction. Its product set spans account protection (account takeover and fake account prevention), fraud management (payment fraud prevention, chargeback reduction, false decline reduction), payment optimization (Smart 3DS, PSD2 optimization, issuer optimization, tokenization), dispute management (representment automation, dispute recommendations, order and claim consolidation) and abuse prevention (returns/item-not-received abuse, promotion and coupon abuse, reseller/reshipper abuse) [4]. The company describes three core platform elements: a first-party Identity Graph, network effects across its merchant consortium, and a decision engine combining AI, machine learning and fraud analysts [4].

More recently the company has positioned around "agentic intelligence," marketing a set of task-specific agents — Analytics, Payments, Dispute, Abuse and Integration agents — that automate analytics queries, authorization-rate and routing optimization, chargeback representment, abuse policy authoring, and system integration [0][1]. It also markets agentic orchestration intended to let merchants support purchases initiated by AI shopping agents while distinguishing legitimate automated shoppers from automated fraud and abuse [0][1]. Forter's solution is also packaged for payment service providers, allowing a single integration to enable fraud decisioning across a PSP's merchant base, with an optional chargeback guarantee, merchant-level reporting and analytics, and Smart 3DS decisioning [5].

The company describes itself as an identity intelligence provider whose network connects merchants, banks and payment providers so that identities unknown to an individual merchant may already be known to Forter [2][4][6].

Founding story

Co-founders Michael Reitblat and Liron Damri were childhood friends from Israel who worked in the US and encountered declined online transactions because of their complex online identities; the company's own account notes their credit card was rejected when registering the forter.com domain. They began their careers at a manual fraud review company that was later acquired by PayPal, where they concluded that manually reviewing transactions at global scale would not work and ran an experiment replacing rules-based processes with an AI-powered model that improved PayPal's fraud detection accuracy. After hearing customers ask whether the fraud solution could be bought standalone, they founded Forter to build a fully automated decisioning platform based on identity [2]. One report lists the founders as Alon Shemesh, Liron Damri and Michael Reitblat and dates the founding to 2013 [7].

Business model

Forter sells its Trust Platform to enterprise merchants and to payment service providers, which integrate once to enable fraud decisioning for their downstream merchants; sales are handled through a direct sales/demo-request motion [4][5]. Fraud decisions can be backed by an optional chargeback guarantee [5].

Sources do not disclose pricing or contract structure; the company reported doubling revenue in 2020 and recording its first cash flow positive quarter that year [6].

Traction

Forter states that in a trailing 12-month period over 200,000 businesses used it to process $350 billion in gross merchandise value [4]. In 2020 it reported a network exceeding $200 billion in annual online transactions and over 800 million shoppers protected, doubled team size across eight global offices, doubled revenue and a first cash flow positive quarter [6]. In 2021 it reported more than $250 billion in annual online transactions and over a billion shoppers protected [7]. Reported average customer outcomes include 72% reduction in chargeback rates and 46% reduction in false declines [0][1][4].

Latest developments

Current company messaging centers on agentic intelligence: a suite of AI agents for analytics, payments, disputes, abuse policy and integration, with additional agents promised, plus an agentic orchestration offering to support purchases made by AI shopping agents [0][1]. The company is also promoting its IMPACT conference in London (September 8) and New York (October 14) [0][1].

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Forter positions itself as the leader in identity-based fraud prevention for digital commerce, contrasting its platform with point fraud vendors and with payment service providers' built-in fraud tools [4]. An investor in the 2021 round stated that after speaking with customers of competing solutions, Forter appeared to be the leader in performance and scale [7]. In 2021 the company reported doubling its network in 12 months to exceed $250 billion in annual online transactions and protection of more than a billion shoppers [7].

Forter emphasizes full automation with no manual transaction review, an identity-level view that spans clicks, logins, purchases and returns rather than isolated transactions, and a shared consortium network in which each participating brand strengthens collective intelligence [0][1][2][7]. It also stresses consolidating fraud, payment optimization and dispute decisions on a single platform rather than across independent tools [0][1].

Technology

The platform combines a first-party Identity Graph, a consortium network effect across participating merchants, and an AI/machine-learning decision engine maintained by fraud experts; the company states it delivers 99% of decisions in under 400 milliseconds [4]. Marketing materials describe a network of more than 2 billion identities and patented decision AI that identifies both humans and autonomous agents while modelling issuer decisioning logic to improve authorization rates [0][1].

Go-to-market

Direct enterprise sales supported by demo requests, ROI calculators, solution briefs, customer stories and content marketing on the company site [0][4][5]. Forter also distributes through partnerships and channel integrations — with payment service providers such as FreedomPay, Nuvei and Flutterwave, with issuing bank Capital One, and via the Adobe Exchange Partner program — and hosts its own IMPACT conference events in London and New York [0][5][7].

Enterprise and Fortune 500 online retailers and marketplaces, e-commerce platforms, issuing banks, and payment service providers [4][5][7]. Named brands include Wayfair, Instacart and Adidas [0][1]; ASOS, Boohoo, Hugo Boss and Adobe [6]; and Farfetch, Sephora, Nordstrom, Instacart, Adobe and Priceline [7].

Geography

Offices in New York and Denver (US), Tel Aviv (Israel), London (UK) and Singapore [2]. In 2020 the company cited eight global offices [6]; in 2021 it reported 300 employees, 200 of them in Israel, with a stated plan to double the Israeli workforce to 400 [7].

History

Forter was founded in 2013 [6][7]. It raised a $50 million Series D in September 2018, followed by a $125 million Series E in November 2020 at a valuation above $1.3 billion, which brought total funding to $225 million across five rounds [6]. In May 2021, roughly six months later, it announced a $300 million Series F led by Tiger Global Management at a $3 billion valuation, bringing total capital raised to more than $500 million [7]. Earlier in 2021 it partnered with Capital One on Trusted Authorization and launched a fraud prevention platform for payment service providers with FreedomPay, Nuvei and Flutterwave [7]. The company has since expanded its product line toward AI agents and agentic commerce orchestration [0][1].

Risks & controversies

Sources do not report any litigation, regulatory action or controversy. The company's 2021 statements framed the Series F as preparation for a future IPO without a committed timeline [7].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual online transactions in networkMay 2021$250B
Average reduction in chargeback ratesJan 202572%
Average reduction in false declinesJan 202546%
Businesses using Forter (trailing 12 months)Jan 2025200,000 businesses
Decision latency (99% of decisions)Jan 2025under 400 milliseconds
EmployeesMay 2021300 employees
Employees in IsraelMay 2021200 employees
Gross merchandise value processed (trailing 12 months)Jan 2025$350B
Identities in networkJan 20252B+
Shoppers protectedMay 2021more than 1 billion
Total capital raisedMay 2021$500M
Total funding raisedNov 2020$225M
ValuationMay 2021$3B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Forter went on to found or lead other companies.

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Companies working in the same space as Forter.

Timeline · 6

launches, deals, and filings
Jan 2025
Launch of Forter AI agents for analytics, payments, disputes, abuse and integration

Company website markets a set of task-specific AI agents plus agentic orchestration for AI-driven shopping agents.

source ↗

May 2021
Forter raises $300m Series F at $3bn valuation

Round led by Tiger Global Management with Third Point Ventures and Adage Capital Management, bringing total capital raised to more than $500 million.

$300M source ↗

Jan 2021
Capital One partnership to launch Trusted Authorization

Forter partnered with Capital One on Trusted Authorization, sharing Forter's fraud insights with issuing banks to raise authorization rates and cut false declines.

source ↗

Jan 2021
Joined Adobe Exchange Partner program as an Accelerate partner

source ↗

Jan 2021
Fraud Prevention Platform for Payment Service Providers

Launched a PSP-focused fraud prevention platform, with announced deals with FreedomPay, Nuvei and Flutterwave covering more than a million merchants globally.

source ↗

Nov 2020
Forter raises $125m Series E at $1.3bn valuation

Series E led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon, bringing total funding to $225 million across five rounds.

$125M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Forter do?
Forter runs an identity-based, AI-driven platform that automates fraud, abuse and payment decisions for digital commerce.
Who founded Forter?
Forter was founded by Alon Shemesh, Michael Reitblat, Liron Damri in 2013.
Who are Forter's investors?
Forter's investors include 11.2 Capital, Activant Capital, Angular Ventures, Arbor Ventures, Bessemer Venture Partners, Commerce Ventures, FELIX CAPITAL, Kortschak Investments L.P. and 11 more.
Where is Forter headquartered?
Forter is headquartered in New York, IL.