Forter Due Diligence

Run due diligence on Forter: check compliance and get alerts when suppliers change.

United States · www.forter.com · 25 vendors

Forter is a software as a service (SaaS) company that provides a unified platform for identity protection, payments optimization, and fraud prevention in digital commerce. It leverages artificial intelligence and machine learning to deliver real-time decisions, blocking fraudsters while ensuring legitimate transactions proceed smoothly. The platform offers end-to-end fraud prevention across the entire customer lifecycle.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 25 sub-vendors.

Insights

Last updated 2026-08-16 · revision 2

25 direct vendors, 236 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

CPRA — Evidence found

Evidence: https://www.forter.com/privacy-policy/, https://www.forter.com/services-privacy-policy/, https://www.forter.com/privacy-security-hub/

SOC 2 (source) — No public evidence

Evidence: https://www.forter.com/privacy-security-hub/, https://www.forter.com/security-hub/

PDPA — No public evidence

Evidence: https://www.forter.com/company/, https://www.forter.com/privacy-policy/

Financials

Three-year financials

Financial Resilience Score: 7/10

Forter is a well-funded late-stage private company with approximately $525 million in total capital raised across seed through Series F, providing a substantial cash cushion. The company achieved a $3.0 billion valuation in May 2021 (Series F, $300M raised) led by Tiger Global and Bessemer, with a strong investor syndicate including Sequoia, Salesforce Ventures, Scale, March Capital, NewView, Adage, and Third Point. Its blue-chip customer base of large digital merchants (Adidas, eBay, Instacart, Wayfair, Nordstrom, ASOS, Shein, Priceline, HelloFresh) supports recurring transaction-based revenue. However, since Forter is private and does not file audited financial statements, revenue, EBIT, and equity figures are not publicly available, limiting independent assessment of run-rate, gross margins, or cash runway. The company operates in a highly competitive fraud prevention market against Signifyd, Riskified, Sift, Kount (Equifax), Stripe Radar, and Adyen. Public reports of layoffs in 2022–2023 suggest the company is likely still burning cash to scale, consistent with public comparable Riskified which remains unprofitable. Valuation risk is elevated as the $3B mark was set at the 2021 peak, with private-market resets having compressed comps significantly.

Key strengths: Approximately $525M total capital raised across all funding rounds, $3.0B valuation achieved in May 2021 Series F, Blue-chip enterprise customer base (Adidas, eBay, Instacart, Wayfair, Nordstrom, ASOS), Strong investor syndicate (Sequoia, Bessemer, Tiger Global, Salesforce Ventures), Network-effect moat via 2B+ identities consortium, Product diversification into payments, disputes, account protection, and AI Agents

Risk factors: Highly competitive market with Signifyd, Riskified, Sift, Kount, Stripe Radar, Adyen, Revenue concentration in e-commerce exposes company to consumer spending cycles, Public reports of layoffs in 2022–2023 during tech downturn, Private company opacity limits independent financial assessment, Valuation risk from 2021 peak; comparable Riskified trades well below IPO price, Likely still burning cash to scale based on comparable public peers

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