
Rippleshot is a customer-first, fraud-fighting company that builds software to detect, reduce, and stop card fraud using machine learning automation, predictive analytics, and big data. They offer solutions like Rules Assist and Sonar to pinpoint fraud before it happens, identify merchant data breaches faster, and manage compromised cards. Their platform enables financial institutions to proactively re-issue compromised cards, write effective fraud detection rules, and identify compromised merchants and cards early. Rippleshot aims to help banks and credit unions protect their customers, reduce fraud, improve customer experience, and save time by providing an affordable, reliable, and cutting-edge technology solution.

Rippleshot is a customer-first, fraud-fighting company that builds software to detect, reduce, and stop card fraud using machine learning automation, predictive analytics, and big data. They offer solutions like Rules Assist and Sonar to pinpoint fraud before it happens, identify merchant data breaches faster, and manage compromised cards. Their platform enables financial institutions to proactively re-issue compromised cards, write effective fraud detection rules, and identify compromised merchants and cards early. Rippleshot aims to help banks and credit unions protect their customers, reduce fraud, improve customer experience, and save time by providing an affordable, reliable, and cutting-edge technology solution.
Founded: 2013
Headquarters: Chicago, Illinois
What they do: Cloud-based fraud analytics to detect and reduce payment card fraud using ML and big data
Notable products: Sonar; Rules Assist
Total funding: 7,300,000.00 USD
Employees (reported): 18
Payment card fraud detection and prevention for banks, credit unions, card processors, and merchants—focusing on identifying compromised merchants/cards and enabling proactive interventions.
2013
Fintech (fraud analytics, payments)
1,200,000.00 USD
Other participants included UMB Bank, Wintrust, and SixThirty.
2,600,000.00 USD
Participation included CMFG Ventures.
“Known investors include KGC Capital (led 2015 bridge), KDWC (led 2017 round), CMFG Ventures, UMB Bank, Wintrust, SixThirty, and Method Capital.”