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The startup Fingerprint, which gives developers the tools to combat online fraud at its source, secured $33 million in a Series C funding round, which brings its total funding to $77 million. Nexus Venture Partners led the round. In the round, Uncorrelated Ventures also took part.
With the money, Fingerprint will be able to speed up enterprise adoption, which has been a key factor in the company's recent growth. The goal of Fingerprint is to create new tools and capacities to address the most difficult problems in device identification.
"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," said Dan Pinto, Fingerprint's co-founder and CEO. "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."
Fingerprint has experienced significant growth since its last funding round in 2021 as a result of its simplicity in integration, ability to provide new customers with immediate value via API, and thorough documentation. Industry leaders like Dropbox rely on Fingerprint to identify and prevent account takeover attempts, and Neiman Marcus uses the same technology to deliver individualised service to its most valuable clients.
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“Fingerprint is becoming a modern utility for the internet economy to combat fraud,” said Abhishek Sharma, Managing Director of Nexus Venture Partners. “Any business that processes online transactions or payments should use Fingerprint. Its device intelligence API helps high-scale websites and apps prevent fraudulent transactions. 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.”
“The company has commercially grown 20x over the past three years. It has a resounding product-market fit, from small businesses to large public companies. We’re thrilled to triple down and further strengthen our partnership with Fingerprint.” he added.
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About Fingerprint
With the help of the most precise device intelligence platform, Fingerprint, businesses can reduce fraud and enhance user experiences. A stable and persistent unique visitor identifier is created by fingerprint after processing almost 100 signals from the browser, device, and network. This identifier can be used to analyse visitor behaviour.
