Walrus Security
A platform for the secure and automated collection of payment details for wires and stock, preventing electronic impersonation fraud.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
$4.5m | Seed | ||
| Total Funding | 000k | ||
Walrus Security provides a platform to secure push payments through the use of authentication technology. The company primarily serves clients in the financial sector, including leading funds, fund administrators, fundraising platforms, and exchanges, who rely on the platform for collecting payment details for transactions involving wires and stock. The core of their service is to mitigate the risks of electronic impersonation fraud, a significant issue in the payments industry.
The company's main product, DoubleCheck, is designed to be a secure and efficient solution for collecting payment details, aiming to minimize friction in the process. Walrus Security has processed over $6 billion in transaction volume, indicating a level of trust and adoption within its target market. The business model is centered on providing this specialized security service to other businesses, positioning it as a B2B fintech company.
Keywords: payment security, authentication technology, fraud prevention, payment details, wires, stock, push payments, DoubleCheck, fintech, B2B