Coris Analysis: $4M Raised
What is Coris?
Coris offers an AI-driven risk management platform for fintechs, focusing on business verification, fraud prevention, and customer lifecycle risk mitigation.
Employees
2
Founded
2022
Revenue
$0-5M
Business Model
Subscription-based model with tiered pricing for risk management services.
Product Features & Capabilities
- AI-powered risk management platform, MerchantProfiler for merchant data intelligence, automated business site inspections, merchant fraud detection, ACH fraud model, transaction monitoring, custom alerts and checks, automated underwriting capabilities.
Pricing
- Basic Plan: Essential risk infrastructure features for small businesses and startups at an affordable price point.
- Standard Plan: Advanced risk management tools and analytics for growing companies.
- Premium Plan: Enterprise-level risk infrastructure solutions for large corporations
How much Coris raised
1 - $3.7 million
January 31, 2024Lead Investor: Lux Capital, Exponent Founders Capital, Y Combinator, Blank Ventures
Who are the founders of Coris
VP
Vinodh Poyyapakkam
Founder
SM
Shyam Maddali
Founder
Investors
- Lux Capital
- Y Combinator
- [Two other investors not specified in the sources]
Competitors Overview
Coris operates in the AI-powered risk management market, focusing on merchant onboarding, fraud prevention, and monitoring. Its main competitors include:
- IDnow: Specializes in KYC (Know Your Customer) and identity verification solutions for banks and financial institutions. It has raised $40
Market Focus
Coris primarily focuses on the fintech industry, providing an AI-powered risk management platform that helps software platforms verify businesses and mitigate risks, particularly in areas like merchant onboarding and fraud prevention.
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