eftsure
By eftsure
eftsure is an Australian-based company specializing in payment fraud prevention and vendor verification services. Below is a detailed analysis of the company:
eftsure provides end-to-end B2B payment protection software designed to mitigate risks associated with payment errors, fraud, and cybercrime. Their platform assists businesses in securely onboarding vendors, verifying payee details, and ensuring compliance throughout the payment process.
Founding: Established in 2014 by Mark Chazan, Ian Mirels, and Mike Kontorovich, Eftsure is headquartered in North Sydney, Australia.
Funding: Eftsure has raised a total of $4.5 million in funding over three rounds, with the latest growth equity round completed on December 7, 2021. CB Insights
Vendor Management: eftsure offers tools for onboarding, verifying, and managing vendor information, ensuring data accuracy and compliance.
Payment Protection: The platform provides safeguards against payment errors and fraud, utilizing multi-factor verification to confirm payee details.
Segregation of Duties: eftsure enforces protocols and policies within its interface to ensure appropriate segregation of duties, enhancing internal controls.
eftsure consistently updates its platform to address emerging fraud tactics. Recent enhancements include improved vendor verification processes and advanced payment protection mechanisms to safeguard against evolving cyber threats.
eftsure is committed to building a safer business community by providing robust payment protection solutions. The company emphasizes innovation, customer-centricity, and integrity, striving to deliver secure and efficient services to its clients
eftsure serves a diverse range of clients, including notable organizations such as Pizza Hut, 7-Eleven, and Laing O’Rourke. The platform is also utilized in regions beyond Australia, with a presence in South Africa and plans for expansion into the UK and New Zealand.
