Riskified, which develops payment systems raised $ 165 million

Tel Aviv-based Riskified, which develops payment systems and credit card fraud prevention in online trading, today announced the completion of a $ 165 million fifth round of financing, according to a valuation of more than $ 1 billion. The fundraiser will be used by Risquipade to expand its workforce and global presence. The company intends to grow from about 440 employees to more than 600 in 2020 and open a new branch in Shanghai, due to the importance the company sees in Chinese online trading companies for its businesses. To date, Risquipade has raised $ 229 million.
The fundraising round was led by General Atlantic Growth Fund, which is now also leading another major round of fundraising by an Israeli company - AppsFlyer, which analyzes the effectiveness of mobile campaigns. Epsplier has not yet completed its funding round, but it is expected to be $ 200 million. Atlantic has previously invested in Facebook, Airbnb, Square, Snap, Slack and Uber.
Riskipade was founded in 2013 by founders Ido Gal (CEO) and Asaf Feldman. The company currently employs 430 employees, of whom 300 are in Israel. By comparison, in an interview at the end of August 2018, the company stated that their number is 260.
The current fundraising round for Risquipade also included the Winslow and Fidelity funds, along with investors from the previous rounds - Comra Capital, Pitango, and Entree Capital. Another prominent shareholder is Genesis, which holds the company's shares through its fourth fund. Genesis earlier this year sold its portfolio to the American Insight Fund in a multimillion-dollar deal, but opted to sell the fund, following a relatively advanced maturity risk.