Paygilant Company Profile

Background

Overview

Paygilant is a cybersecurity company specializing in frictionless fraud prevention solutions tailored for the fintech sector, including neo-banks, challenger banks, e-wallets, and cryptocurrency platforms. Established in 2014, the company is headquartered in Ramat Gan, Israel. Paygilant's mission is to safeguard digital financial transactions by providing robust fraud detection without compromising user experience or privacy. Its vision is to empower financial institutions to grow securely in the digital era by mitigating fraud risks effectively.

Industry Significance

In an increasingly digital financial landscape, the need for advanced fraud prevention mechanisms is paramount. Paygilant addresses this need by offering solutions that seamlessly integrate into mobile platforms, ensuring secure transactions while maintaining a smooth user experience. This approach is crucial for financial institutions aiming to build trust and retain customers in a competitive market.

Key Strategic Focus

Core Objectives

Paygilant aims to provide financial institutions with a comprehensive fraud prevention solution that balances security with user convenience. The company's objectives include:

Enhancing Security: Protecting digital transactions from various fraud types, including account takeovers, synthetic identity fraud, and transaction fraud.

Improving User Experience: Implementing fraud detection measures that do not disrupt the user's journey, thereby maintaining customer satisfaction.

Ensuring Privacy: Safeguarding user data by employing technologies that do not compromise personal information.

Areas of Specialization

Paygilant specializes in mobile fraud prevention, focusing on:

Real-Time Fraud Detection: Identifying fraudulent activities as they occur to prevent financial losses.

Behavioral Biometrics: Analyzing user behavior patterns to distinguish between legitimate users and fraudsters.

Device Fingerprinting: Utilizing device attributes to detect anomalies and potential fraud.

Key Technologies Utilized

The company employs several advanced technologies, including:

Machine Learning Algorithms: To analyze large datasets and identify patterns indicative of fraudulent behavior.

Multi-Intelligence Data Integration: Combining various data points, such as device information, user behavior, and transaction history, to assess risk levels.

On-Device Processing: Running fraud detection algorithms directly on user devices to enhance speed and reduce latency.

Primary Markets Targeted

Paygilant primarily targets:

Neo-Banks and Challenger Banks: Financial institutions that operate primarily through digital channels.

E-Wallet Providers: Companies offering digital wallet services for transactions and payments.

Cryptocurrency Platforms: Exchanges and wallets dealing with digital currencies.

Financials and Funding

Funding History

As of December 2025, Paygilant has secured a total of $2.3 million in funding through various rounds. Notably, in October 2019, the company received a $750,000 investment from Connecticut Innovations, the state's venture capital arm, to establish its U.S. headquarters and expand operations.

Recent Funding Rounds

October 2019: $750,000 investment from Connecticut Innovations.

Notable Investors

Connecticut Innovations is a key investor, providing strategic support and funding to facilitate Paygilant's growth and expansion.

Utilization of Capital

The funds have been allocated towards:

Establishing U.S. Operations: Setting up headquarters in Connecticut to serve the North American market.

Product Development: Enhancing fraud detection technologies and integrating new features.

Sales and Marketing: Expanding the customer base and increasing market penetration.

Pipeline Development

Key Pipeline Candidates

Paygilant's primary focus is on developing and refining its fraud prevention solutions for mobile payments, with an emphasis on:

Real-Time Fraud Detection Systems: Enhancing the speed and accuracy of fraud detection algorithms.

Behavioral Biometrics Tools: Improving the analysis of user behavior patterns to identify fraudulent activities.

Device Fingerprinting Technologies: Advancing methods to uniquely identify devices and detect anomalies.

Stages of Development

The company is in the continuous development phase, iterating on existing technologies and integrating new advancements to stay ahead of emerging fraud tactics.

Target Conditions

Paygilant's solutions are designed to address various fraud scenarios, including:

Account Takeovers: Unauthorized access to user accounts.

Synthetic Identity Fraud: Creation of fictitious identities to commit fraud.

Transaction Fraud: Unauthorized or fraudulent transactions.

Anticipated Milestones

The company aims to achieve:

Enhanced Detection Capabilities: Improving the accuracy and speed of fraud detection systems.

Broader Market Adoption: Expanding the customer base across different regions and financial sectors.

Technological Platform and Innovation

Proprietary Technologies

Paygilant's proprietary technologies include:

Six Intelligence Sets: A combination of device DNA, user space, activity map, bio markers, app insights, and transaction view that work in harmony to identify fraudulent behavior.

Significant Scientific Methods

The company employs:

Machine Learning Algorithms: For continuous data analysis and fraud detection.

Behavioral Biometrics: To analyze user behavior patterns for fraud detection.

Device Fingerprinting: To uniquely identify devices and detect anomalies.

AI-Driven Capabilities

Paygilant leverages AI to:

Analyze Large Datasets: Identifying patterns indicative of fraudulent behavior.

Provide Real-Time Risk Scores: Assessing transaction risk levels instantly.

Enhance Detection Accuracy: Reducing false positives and negatives in fraud detection.

Leadership Team

Key Executives

Ziv Cohen: Founder and CEO. With over 20 years of experience in cybersecurity and fraud prevention, Cohen has held leadership roles at Trusteer (acquired by IBM) and RSA EMC FraudAction. He established and grew EMEA sales from zero to multi-million revenue at Trusteer.

Sara Pinheiro: Regional Manager for Africa. Appointed in January 2025, Pinheiro leads Paygilant's strategic growth across the African continent, focusing on building partnerships and enhancing fraud prevention frameworks. She brings extensive experience in law, management, and marketing.

Market Landscape and Competitor Profile

Market Insights and Dynamics

The global market for fraud prevention solutions is expanding rapidly, driven by the increasing digitization of financial services and the rise in cyber threats. Financial institutions are seeking advanced, seamless fraud detection methods to protect their customers and maintain trust.

Competitor Analysis

Key competitors in the fraud prevention space include:

Verifi: Specializes in payment protection and dispute management solutions.

Forter: Offers real-time fraud prevention solutions using machine learning and behavioral analytics.

nsKnox: Provides enterprise-grade fraud prevention solutions focusing on secure digital transactions.

Strategic Collaborations and Partnerships

Paygilant has formed strategic partnerships to enhance its market presence:

Zeepay: In June 2021, Zeepay, a leading fintech in Ghana, selected Paygilant to secure its global operations across Africa and the UK, aiming to safeguard its digital payment infrastructure from fraud.

Surf Bank: In July 2020, Brazilian Surf Bank chose Paygilant to secure its digital payment accounts from mobile fraud, enhancing customer experience and reducing friction.

Operational Insights

Paygilant differentiates itself by offering a frictionless user experience without compromising security. Its solutions are designed for easy integration, enabling financial institutions to implement robust fraud prevention measures swiftly. The company's focus on mobile platforms positions it well to address the unique challenges of digital banking and payments.

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