Fraugster cooperates with Yuno

Together, the two companies want to protect e-commerce merchants in Latin America from fraud.

Berlin-based startup Fraugster is entering into a partnership with Latin American company Yuno. Yuno, a payment processor, plans to integrate Fraugster's AI fraud prevention solution in the future. Together, the two companies want to help e-commerce merchants in Latin America increase their sales and protect them from fraud.

"Together with Fraugster, we are developing the ultimate solution that will enable merchants to make checking out online fast, easy and secure, so they can focus on their core business," says Julián Núñez, co-founder of Yuno. The offering is designed not only to help merchants reduce their fraud losses, but also to lower the overall cost of fraud management.

Max Laemmle and Chen Zamir founded Fraugster in 2014. The developed AI solution for fraud prevention has already convinced renowned investors such as Earlybird or Speedinvest.