Ironvest
IronVest provides intent verification for banks and fintechs to prevent fraud.
- Categories
- Fraud and payment fraud prevention, Identity and access management, MFA and passwordless authentication
- Based in
- United States
- Founded
- 2022
- Ownership
- Private
About Ironvest
IronVest sells fraud prevention technology to banks and fintechs. Its main offering is an intent verification layer that integrates with existing banking apps and payment flows. The company says it checks both the person acting and the person receiving funds, aiming to stop account takeovers and scams. It also provides token replacement and contact centre authentication. The company claims its approach differs by verifying what a user intends to approve, not only who they are. It uses machine vision and cryptographic methods to bind approvals to specific transactions. This is said to make stolen credentials, sessions, or devices unable to move money. IronVest reports outcomes such as an 80% cost reduction, zero fraud in protected groups, and over 90% positive user feedback. Founded in 2022, IronVest serves financial institutions. It offers solutions for scam prevention, payment and wire verification, premium banking experiences, token replacement, contact centre authentication, and first party fraud proof.
Products
- ActionIDA patented technology that ties a user's verified intent to high-value actions using cryptography.
- KYRiAn agentic tool that assesses the recipient's intent to stop social engineering and authorized-payment scams.
Ownership and deals
- Raised $23m in a seed roundInvestor AccompliceReport on the Ironvest funding round of October 2022 (opens in a new tab)
Acquisitions come from SecurityWeek's monthly M&A round-ups from 2021 onwards, from Cybersecurity Ventures' quarterly M&A reports for 2020, and a few from Wikipedia lists. Funding rounds from 2022 onwards come from Return on Security's weekly Security, Funded newsletter. These are dated to the month. A few deals added from the news are dated to the day. Smaller deals may be missing. Amounts are in US dollars.