Loading organizations...
§ Private Profile · 361 Newbury St Boston, Massachusetts 02115, USA
AI-native anti-fraud collaboration platform connecting fraud and AML intelligence for financial institutions, fintechs, and regulators.
FiVerity has raised $6.0M across 2 funding rounds.
Key people at FiVerity.
FiVerity has raised $6.0M in total across 2 funding rounds.
Based in Boston, Massachusetts, FiVerity develops an AI-native anti-fraud collaboration platform that connects fraud and anti-money laundering intelligence across financial institutions, cryptocurrency exchanges, and regulatory bodies. Operating as a subscription-based software-as-a-service provider, the company employs an estimated 18 to 180 personnel to deliver secure, real-time data sharing capabilities without requiring direct API integration. The enterprise platform accelerates complex financial crime investigations and reportedly identifies over 75% of previously undetected fraudulent activity for its institutional users. To enhance its ecosystem, FiVerity integrates its technology with industry partners such as Alloy for risk scoring during the customer onboarding process. Furthermore, the firm previously won the Effectiveness and Impact category at a specialized technology sprint co-hosted by federal regulators FinCEN and the FDIC. The financial technology organization was officially founded in 2019, though its specific founder names remain undisclosed.
FiVerity has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 20, 2023 | $4M Seed | John Clausen | Grasshopper Bank, Mendoza Ventures, Service Provider Capital | Announced |
| Mar 17, 2021 | $2M Venture Round | Adrian Mendoza | Doug Levin | Announced |
Key people at FiVerity.
FiVerity has raised $6.0M in total across 2 funding rounds.
FiVerity's investors include John Clausen, Grasshopper Bank, Mendoza Ventures, Service Provider Capital, Adrian Mendoza, Doug Levin.
FiVerity is a Boston-based fintech company founded in 2017 (formerly Coalesce) that builds an AI-native anti-fraud collaboration platform for the financial ecosystem. It enables real-time, anonymized sharing of fraud and AML intelligence among banks, credit unions, fintechs, crypto platforms, and regulators to detect hidden linkages, accelerate investigations, and prevent financial crime.[1][2][4] The platform solves the problem of siloed fraud data by using double-encrypted technology, machine learning, and AI to provide proactive alerts, transparent risk scoring, and automated classification, enhancing KYC, compliance, and identity trust management.[1][2][3][4] FiVerity serves financial institutions facing rising cybercrime threats, with proven growth including a $4 million seed round in 2023 led by Mendon Venture Partners and recognition from FinCEN/FDIC Tech Sprint for effectiveness.[2][4]
FiVerity emerged from the DCU Fintech Innovation Center in Boston, where founder Fran Rosch—after selling his prior company—identified a need for collaborative fraud prevention in financial services, akin to antivirus software but for shared intelligence.[3] Launched in 2017 as Coalesce and rebranded to FiVerity, the company cracked key challenges in secure, anonymized data sharing using double-encrypted technology, gaining early traction with financial institutions.[1][3] A pivotal moment came in April 2023 with a $4 million seed financing led by Mendon Venture Partners, joined by FinCapital, Mendoza Ventures, Service Provider Capital, and Grasshopper Bank; this funded network expansion, advanced ML algorithms, and added veteran investor John Clausen to the board.[2]
Competitors like Alloy, Sift, Bureau, and Spec focus on individual detection or verification, but FiVerity uniquely emphasizes networked, shared intelligence.[1]
FiVerity rides the exploding cybercrime economy—estimated at $10 trillion annually, the world's third-largest—fueled by sophisticated fraud in digital finance, crypto inflows, and AML gaps.[3][4] Timing is ideal amid regulatory pushes for collaboration (e.g., FinCEN/FDIC recognition) and AI advancements enabling proactive defense over reactive firefighting.[2][4] Market forces like rising account takeovers, payment fraud, and illicit fund flows favor its platform, which bridges TradFi, fintech, and crypto while influencing the ecosystem through shared best practices and hubs that amplify collective defenses.[3][4]
FiVerity is poised to scale its Anti-Fraud Hubs and AI defenses as criminals evolve, potentially dominating collaborative fraud prevention with deeper regulator integrations and crypto expansions.[3][4] Trends like AI sophistication and regulatory mandates for info-sharing will propel growth, evolving its role from innovator to ecosystem standard-setter. This positions FiVerity to deliver outsized impact in a fraud-riddled financial landscape, fulfilling its mission through connected intelligence.[2][4]
