Flagright

Problem: fraud prevention market is underserved for financial technology companies
9 in 10 companies expect evolving business, regulatory and customer demands to increase their compliance costs by up to 30% over the next 2 years
There is no real-time solutions with good operational tools on an intuitive user interface
Not transparent and often expensive pricing
Existing solutions are focused on enterprises, immature on API and developer experience
Problem is solved by hiring large teams of compliance. From business perspective, it is only costs associated, no revenue generation
Large fintechs invest time, money, and people in developing financial crime solutions in-house

Flagright provides transaction monitoring technology that supports risk-based thresholds and customer segmenting. Developer-friendly API and no-code back office allows fintechs to quickly setup all required infrastructure for AML and fraud prevention.
Console: Centralized ops platform
No-code portal to investigate cases, configure transaction monitoring, manage risk appetite, , and collaborate with team for all operations related to financial crime prevention
Sage: KYC/KYB Orchestrator
the best global providers (more than 14) in a single API
Beacon: Transaction monitoring Real-time
transaction monitoring for AML compliance & fraud use cases
Pulse: Dynamic risk scoring
Dynamic risk profiling based on customer profile & behavior
Falcon: Sanctions/PEP Screening
Sanctions, PEP, adverse media screening for individuals, businesses, and web3
Data Transfer via API
Real-time API Response

From a console, companies can set thresholds and actions for different rules based on customer profiles to make “risk-based” decisions and minimize the work required of security teams
Integration in 4 to 10 days
Pre-configured and customizable rule library
Real time
< 2 secs p99
< 700 ms p90 incl. network latency
Standardized and extensible API
easy-to-follow API docs 70% faster integration than similar solutions
Risk score based on 160 variables
Reporting to regulators
API calls/usage-based pricing
No-code back office
Other features include:

Customer profile: Seed - Series B startups, mostly payment companies
8+ clients
Including
Only 10 months after launch, backed by Y Combinator and Moonfire Ventures, Flagright already won more than 8 customers in 4 continents

TAM
$25.6bln
The global fraud detection and prevention market is exhibited to grow from $26.bln in 2021 to $30.6bln in 2022
26,376 fintech startups globally
SOM
2,054 fintech startups globally
As of Nov’21, there were 10,755 fintech startups in the U.S. making it the region with the most fintech startups globally. In comparison, there were 9,323 such startups in the EMEA region and 6,268 in the Asia Pacific region.
SAM
Flagright needs to get 1,075 fintech startups in USA, 953 startups in EMEA and 626 startups in Asia as clients to capture 10% of global market share
The global fraud detection and prevention market is estimated to reach record $129.1bln in 2029

Flagright has a considerable set of competitive advantages with its easy-to-integrate, fast, and scalable API

Fraud prevention startups are raising impressive rounds and are backed by Tier 1 investors
Sep’22: Sardine raises $51.5mln led by a16z (in addition to $19.5mln earlier this year). Investors also include Visa, Google Ventures, ING Ventures
Nov’21: identity verification startup Socure raised $450mln at $4.5bln valuation from Tiger Global, Accel, Commerce Ventures, Bain Capital Ventures
Apr’22: fintech Seon, which specializes in fraud prevention, acquired $94mln in funding from multiple investors including IVP and Creandrum
Sep’22: fraud prevention startup Alloy raised an additional $52mln at a $1.55bln valuation 11 months after raising $100mln at a $1.35bln. Alloy is backed by Lightspeed Venture Partners, Avenir Growth, Bessemer Venture Partners

Flagright is led by fintech and tech professionals
Baran Ozkan, co-founder & CEO
10+ years experience as a product
4+ years expertise in compliance and fraud prevention in fintech
B2B segment revenue growth experience, including Launch in international markets
Madhu G. Nadig, Co-founder & CTO
5+ years expertise as a Software Engineer
one of the first hires for Palantir’s office in India
Worked at Amazon Web Services building no-code automated deployment products
Developed a Big Data and AI based SaaS platform