Last month, Riskified reached a historic milestone in our journey to making eCommerce a frictionless experience for both merchants and shoppers. We went public on the New York Stock Exchange, under the ticker symbol RSKD.
Riskified was founded on the principle that we could solve some of eCommerce’s most complex problems. We knew that we could do much better than outdated legacy fraud management solutions. We created a machine learning platform that not only outperforms all other solutions on the market, but acts as a revenue driver for our merchants. Merchants using Riskified see a huge drop in fraud-related costs, significant gain in revenue, and a seamless customer experience. It’s because we consistently deliver positive ROI that we partner with some of the largest and most recognizable eCommerce brands.
When Assaf and I first started working together in my apartment in Tel Aviv less than a decade ago, we were just two people with an idea. We weren’t imagining ringing any bells at NYSE. We simply concentrated on working towards each goal – our first working model, our first employees, our first client, our first thousand transactions, our first overseas office. Along the way, we built a company that imbued the open, collaborative culture that we had always admired, filled with passionate people who aren’t afraid to challenge the status quo. Eight years and 650 employees later, it’s amazing to see how far we’ve come.
I want to extend a heartfelt thanks to our merchant community. We couldn’t have reached this milestone without you. As a public company, our priority remains the same: to support you and your business. We will continue investing in our products and our technology, and supporting our global markets. As we move forward into this new chapter, Riskified will, as always, strive to be your most trusted partner. We’re so excited about what we can accomplish together.