Forter
“Can a fraud-prevention specialist become the unified identity-decisioning layer across the entire payments stack — including PSPs and AI agents?”
Founded2013
HQNew York, NY, USA & Tel Aviv, Israel
FoundersMichael Reitblat, Liron Damri, Alon Shemesh
Total raised$525M+
Latest roundSeries F, 2021
Valuation$3B (2021)
IndustryInfrastructure / Fraud Prevention
The story
Founded 2013 as a chargeback-guarantee fraud prevention platform by ex-PayPal/Fraud Sciences engineers. Expanded from pure fraud decisioning into a broader trust platform spanning payment optimization (PSD2/3DS), dispute management, account protection, and abuse prevention. Most recently pivoted toward 'Agentic Commerce' orchestration — offering a unified decisioning layer plus Forter Element, a white-label fraud product for PSPs, positioning Forter as infrastructure for the payments ecosystem rather than just an end-merchant tool.
Last 12 months
Product timeline
2013
Founded by ex-Fraud Sciences/PayPal engineers Michael Reitblat, Liron Damri, and Alon Shemesh in Tel Aviv· founding
2020
Series E at $1.3B valuation· funding
2021
Series F at $3B valuation led by Tiger Global· funding
2024
Expanded into payment optimization and dispute management beyond core fraud· pivot
2025
Launched Agentic Orchestration Suite and Forter Element for PSPs· launch
The stack
Accounting gap: none