Fingerprint, the globally renowned device intelligence platform, has successfully procured $33m in a Series C funding round. The venture was spearheaded by Nexus Venture Partners and witnessed participation from Uncorrelated Ventures.
The exceptional platform assists developers in building device identification through adaptable APIs. These APIs excel in pinpointing fraudsters but concurrently provide seamless encounters for legitimate users. Boasting unparalleled precision, Fingerprint identifies an impressive 99.5% of repeat users in under half a second.
The funds secured in this round will play an instrumental role in Fingerprint’s plans. The company aspires to hasten its adoption amongst large Enterprise clients, a segment pivotal to its recent growth trajectory. They are also ardent about crafting innovative tools and functionalities to address intricate issues in device identification.
A unique offering from Fingerprint is its persistent visitor identifier which consistently refines and sustains its accuracy, even with browser updates. It provides an all-encompassing view of users on both web and mobile platforms. This unparalleled visibility is pivotal for entities aiming to enhance their fraud detection mechanisms and overall user experiences.
Fingerprint’s co-founder and CEO Dan Pinto commented, “With the gradual death of cookies and proliferation of VPNs, high accuracy device identification has never been more important. Companies battle sophisticated attacks from online fraudsters while needing to ensure their trusted customers have a frictionless experience. Fingerprint solves this challenge for thousands of companies by enabling accurate device identification and providing additional signals to inform visitor intent without inconveniencing legitimate users.”
Adding to this, Abhishek Sharma, Managing Director of Nexus Venture Partners, remarked, “Fingerprint is becoming a modern utility for the internet economy to combat fraud. Any business that processes online transactions or payments should use Fingerprint. We’re impressed by the product’s ability to deliver 10x+ ROI for its customers consistently. We love Fingerprint’s developer-focused go-to-market approach coupled with its ubiquitous open-source library, FingerprintJS. We’re thrilled to triple down and further strengthen our partnership with Fingerprint.”
Historically, Fingerprint has garnered a commendable $77m in total investments.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global