Riskified Caps Off Milestone Year of Expansion for its Leading Machine Learning Platform, Highlighted by 40% Growth in GMV and 35% Growth in Revenue for Full Year 2021

Riskified Ltd. (the “Company”), a risk management platform enabling frictionless eCommerce, announced financial results for the three and twelve months ended December 31, 2021. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time.

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“Continued organic growth and expansion into new segments of eCommerce volume within our existing customer base, the addition of several new logos, as well as continued enhancement of our highly specialized machine learning platform drove meaningful financial benefits both for Riskified and our merchants over the past year”

“Continued organic growth and expansion into new segments of eCommerce volume within our existing customer base, the addition of several new logos, as well as continued enhancement of our highly specialized machine learning platform drove meaningful financial benefits both for Riskified and our merchants over the past year,” said Eido Gal, Co-Founder and Chief Executive Officer of Riskified. “Our north star has always been to create outsized value for our customers, and we believe our 99% gross annual dollar retention in 2021 is a clear validation that we have been successful in delivering that value. As we look ahead, we are excited to continue to land and expand with the world’s largest online retailers by holistically solving their most complex technological problems.”

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Full Year and Q4 2021 Business Highlights

• Expanding the reach of core chargeback guarantee offering: Riskified delivered multiple new use cases and product improvements throughout 2021, including the recent expansion of chargeback guarantees to support Automated Clearing House (“ACH”) payments. Riskified can now guarantee a broader range of payment types in addition to credit cards, debit cards, and PayPal. This expanded functionality assists merchants accepting ACH payments to realize more profitable revenue while also delivering instant settlement times to their customers. Q4 represented the first quarter in which the Company processed meaningful ACH volumes.
• Adding several of the world’s pre-eminent online retailers to the platform: Within its emerging verticals, Riskified added Binance, one of the world’s leading blockchain ecosystem and cryptocurrency infrastructure providers, as well as a global remittance and payments company with more than $5 billion in annual revenues, among others. Within its more established verticals, Riskified added Saks OFF 5TH, the premier luxury off-price destination, one of the world’s five largest omni-channel retailers, and one of the world’s five largest travel retailers, among others.
• Accelerating go-to-market motion via new partner-driven sales efforts: Riskified has a growing number of partners embedding the core chargeback guarantee offering directly into their respective products. This is an exciting new sales channel that should help reach target customers even faster via partners including payment gateways, enterprise focused eCommerce platforms, and one-click checkout products.
• Executing on the product roadmap: Riskified expanded its Policy Protect offering to support item-not-received and refund claims. Policy Protect is used to block abusive customers and it is now screening billions of dollars worth of GMV annually. Riskified also expanded its ability to dispute chargebacks on its merchants’ behalf, even when those chargebacks are not guaranteed by Riskified.

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