Nethone: Redefining Fraud Prevention with Machine Learning
Established in 2016 by a team of security experts, financial executives, and data scientists within Daftcode, a Poland-based venture builder, Nethone has emerged as a trailblazing machine learning-based fraud prevention SaaS company. We are dedicated to empowering ecommerce merchants and financial institutions to gain comprehensive insights into their end-users through a concept known as Know Your UsersTM (KYU).
Our Unique Approach:
Holistic User Profiling: Nethone's distinctive profiling solution harnesses the power of advanced machine learning technologies to analyze a wide range of data points. These include unique hardware, software, device, network, behavioral, and fingerprinting data across both web and native mobile app channels.
End-to-End Protection: We introduce a modularized approach that delivers all-encompassing protection at every stage of the user journey – from login to post-payment. Our primary focus is to ensure robust security without compromising the user experience.
Fraud Spectrum Coverage: With an arsenal of tools powered by machine learning, Nethone addresses an array of fraud types including bot attacks, account takeover (ATO), card-not-present (CNP) fraud, and chargeback fraud. We equip financial services companies and merchants with real-time actionable insights to effectively combat these threats.
Our Achievements:
Global Impact: Nethone is trusted by over 100 global ecommerce and financial industry giants, including renowned names like BlaBlaCar, Azul, Grover, Ramp, Grupo Boticário, and Wema Bank. Our solutions have helped these entities navigate complex fraud challenges and enhance their online operations.
Strategic Partnerships: In 2022, we joined forces with MangoPay Group, a pan-European platform payment & wallet infrastructure provider. This collaboration enriches our anti-fraud capabilities, catering specifically to marketplaces and platforms.
Investment and Growth: An investment of EUR 75 million from Advent International has empowered us to offer marketplaces advanced tools for detecting and countering intricate fraud activities. This strategic step ensures a safer environment for users while boosting conversion rates.
Our Commitment:
At Nethone, our core commitment is to empower online businesses to flourish in a risk-free ecosystem. We address fraud-related challenges across various channels and equip our clients with actionable insights that drive success.
