Rippleshot, a fraud protection company, is excited to announce its partnership with St. Louis-based FinTech accelerator, SixThirty in its Spring 2015 Cohort.
Rippleshot’s award winning technology monitors financial transactions across the entire payment network to identify the subtle patterns that often lead to the early warning signs of a data breach. Rippleshot provides card issuers the ability to detect fraud trends across the payment network, leveraging the consortium data set of Rippleshot partners, while enabling merchants to monitor their point of sale terminals and protect their brand reputation. Rippleshot will join SixThirty's Spring2015 cohort along with Bandura and FinLocker, two St. Louis-based companies.
“Our principal focus is on business development, and the SixThirty directors saw an opportunity to continue to help these three startups build and deepen client relationships,” said SixThirty’s new Managing Partner Atul Kamra.
Launched in 2013, SixThirty’s FinTech accelerator provides startups with hands-on training, mentorship, networking opportunities and up to $100,000 in funding. Backed by the St. Louis Regional Chamber and venture capital firm, Cultivation Capital has strong ties to St. Louis’ financial services hub with such companies as Edward Jones, Scotttrade, US Bankcorp CDC and Wells Fargo Advisors.
Rippleshot monitors millions of merchants and their transactions to detect data breaches and help stop card fraud sooner. Rippleshot’s award-winning technology complements existing fraud solutions to slash fraud losses, protect card owners, and preserve merchant brand reputation.
Learn more here: http://www.rippleshot.com
SixThirty was launched in 2013 as the first accelerator program specializing in financial technology companies. It invests $100,000 in each company it selects and brings the founders together for four months of mentoring and introductions to St. Louis financial-services companies.
Learn more here: http://www.sixthirty.co