Get All Access for $5/mo

Fingerprint Raises $33 Million in a Series C Funding With this round, the total funding of Fingerprint touches USD 77 million. It raised USD 4 million worth of seed funding in 2020, and a combined fund of USD 40 million in Series A and Series B in 2021.

By Paromita Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Fingerprint

Fingerprint, an accurate device intelligence platform, announced it has raised USD 33 million in a Series C funding round led by Nexus Venture Partners. The start-up also saw investment participation from Uncorrelated Ventures.

The start-up which began as an open source project in 2012 helps companies to prevent fraud and improve user experiences with its flexible APIs that are capable of identifying fraudsters while maintaining low-friction experiences for trusted users.

"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," shares Dan Pinto, co-founder and CEO, Fingerprint.

The platform has over 6,000 companies as its clients and boasts of identifying 99.5 per cent of returning users in less than 500 milliseconds of processing time. Some of its Indian clients include Tata Digital, Zee5, Junglee, and Park+.

"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," said Abhishek Sharma, Managing Director of Nexus Venture Partners.

Some of Fingerprint's offerings include protection of login pages from automated account takeover attacks and phishing attempts, prevention of payment fraud of all forms for payment processors and eCommerce retailers, account sharing detection and prevention for SaaS and subscription services, securing cryptocurrency exchanges, building paywalls that can't be bypassed by going incognito, changing IP addresses or clearing cookies, and restricting access for bad elements in online gaming and gambling.

"The funding will enable Fingerprint to accelerate adoption within larger Enterprise customers, which have been a critical driver of the company's recent growth. Fingerprint aims to build new tools and capabilities to tackle the most complex challenges in device identification," read the official release.

With this round, the total funding of Fingerprint touches USD 77 million. It raised USD 4 million worth of seed funding in 2020, and a combined fund of USD 40 million in Series A and Series B in 2021.

Paromita Gupta

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Growth Strategies

Learn business by doing business across the Globe: The next revolution in Entrepreneurship

As the startup ecosystem sees an influx of new entrepreneurs, the question arises: Is our current business education sufficiently equipping students for the entrepreneurial challenges they will face?

News and Trends

Ethereal Machines Raises USD 13 Mn in Series A led by Peak XV and Steadview Capital

With the raised funds, the Bengaluru-based startup aims to build a new smart factory in Bengaluru and hire AI and software engineers to expand its line of products.

Devices

Remove Unwanted Files from Your Work Mac Fast with This $32 Lifetime License

MacCleanse can help you safely and securely clean up your computer.

Business Solutions

How to Build Trust and Transparency With Your Customers While Taking Their Data

In this article, we'll explore why businesses must prioritize customer data security and privacy when embracing innovation and provide guidance on navigating the complex landscape to mitigate inherent risks.

Business News

Their Million-Dollar Home Was Listed 'For Sale By Owner' on Zillow for $10,200 — and Not By Them: 'Zero Help'

A Kansas couple has no intention of selling their five-bedroom home, but people keep knocking on their door.

Growing a Business

This Nurse-Turned-Entrepreneur Saw the Needs of Underserved Communities Firsthand. Now, His Company Uses AI to Help Them.

Kwamane Liddell, the innovative founder behind ThriveLink, shares his entrepreneurial journey.