Based in Boise, ID, Kount provides cloud-based fraud detection solutions that enable merchants to reduce fraudulent transactions made online and via mobile while increasing revenue by accepting more valid orders. Kount eliminates or reduces manual reviews of potentially fraudulent transactions for its customers, reducing credit card chargebacks, improving customer satisfaction, and drastically reducing fraud, in many cases by more than 90 percent.
Kount serves customers in a number of sectors, including retail, financial services, and gaming, touching billions of transactions and devices every year. Its end-to-end solution is used by thousands of merchants, payment processors, and payment service providers around the world, including Chase Paymentech, PayPal-owned Braintree, New Balance, and Spotify.
Online merchants face greater fraud challenges than ever before. CVC's funding and strategic guidance will provide Kount with significant resources to continue investing in our industry-leading fraud prevention solutions and to deliver the tools our customers need to combat fraud every day. We're excited to partner with CVC in our next stage of growth as we continue to develop the industry's most effective and efficient online fraud prevention solution.