# Coris

**Source:** https://geo.sig.ai/brands/coris  
**Vertical:** Security  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** coris.ai  
**Last Updated:** 2026-04-14

## Summary

Palo Alto AI merchant risk platform automating underwriting and fraud monitoring for 150K+ SMBs with 5x faster onboarding; YC $4.2M Lux Capital/Exponent-backed serving GoFundMe and Kajabi for payment processor risk management.

## Company Overview

Coris is a Palo Alto, California-based AI-powered merchant risk platform — backed by Y Combinator with $4.2 million raised including a $3.7 million seed round co-led by Lux Capital and Exponent Capital in 2024 — providing payment processors, payment facilitators, banks, and SaaS platforms with automated underwriting, fraud prevention, and ongoing transaction monitoring for small and medium business merchants through a single API powered by data on 330 million businesses worldwide. Founded in 2022 and serving GoFundMe, Kajabi, Clio, and Mindbody, Coris processes 150,000+ SMB merchant verifications while delivering 5x faster onboarding, 80% reduction in manual review processes, and 50% operational cost savings for payment infrastructure companies.

Coris's merchant risk management addresses the specific challenge that payment processors and embedded finance platforms face: underwriting the 30+ million US SMBs as merchant customers requires assessing business legitimacy, chargeback risk, fraud patterns, and industry-specific risk factors that general-purpose identity verification tools don't capture. Coris aggregates business registry data, beneficial ownership information, chargeback history, industry risk signals, and behavioral data across its 330 million business database to generate real-time merchant risk scores and ongoing monitoring alerts — flagging suspicious activity (sudden volume spikes, new high-risk products, geographic anomalies) that indicate merchant fraud or policy violations. The 80% reduction in manual review processes enables payment risk teams to focus on the edge cases requiring human judgment rather than routine verification.

In 2025, Coris competes in the merchant underwriting, fraud detection, and payment risk management market with Stripe Radar (NASDAQ: ABNB, payment fraud for Stripe merchants), Sift (fraud platform, $50M raised), and Signifyd (fraud protection for e-commerce, $100M+ raised) for payment processor and fintech risk automation. The SMB merchant risk management market is expanding as embedded payments proliferate — every SaaS platform, marketplace, and vertical software company adding payment capabilities must manage the merchant risk that comes with it. Lux Capital's co-lead reflects deep conviction in the B2B fintech risk infrastructure category. The 2025 strategy focuses on growing payment facilitator adoption (ISOs and PayFacs that onboard thousands of SMBs monthly), building the ongoing monitoring product for post-onboarding transaction surveillance, and expanding the industry-specific risk models for verticals with elevated chargeback risk (travel, ticketing, nutraceuticals).

## Frequently Asked Questions

### What is Coris?
Coris is an AI-powered merchant risk management platform founded in 2022 and based in Palo Alto, California. The company provides automated underwriting, fraud prevention, and transaction monitoring solutions for payment processors, banks, and payment facilitators.

### What products and services does Coris offer?
Coris offers an AI-powered merchant risk platform that provides automated underwriting, fraud prevention, and transaction monitoring. The platform specializes in AI-driven SMB risk assessment with automated merchant monitoring and decision-making capabilities.

### Who are Coris's target customers?
Coris targets payment processors, banks, payment facilitators, and SaaS platforms. Current clients include GoFundMe, Kajabi, Clio, and Mindbody.

### When was Coris founded?
Coris was founded in 2022 and participated in Y Combinator's W22 batch.

### Where is Coris headquartered?
Coris is based in Palo Alto, California.

### How much funding has Coris raised?
Coris has raised $4.2 million in total funding, including a $3.7 million seed round in early 2024. The seed round was co-led by Lux Capital and Exponent Capital, with participation from Y Combinator, Blank Ventures, and veteran fintech founders.

### What are Coris's key achievements and metrics?
Coris has processed 150,000 SMB verifications and maintains data on 330 million businesses worldwide. The platform delivers 5x faster SMB onboarding, 80% reduction in manual processes, and 50% operational cost cuts for clients.

### What technology approach does Coris use?
Coris uses AI-driven technology to automate merchant underwriting and risk assessment for SMBs. The platform addresses merchant underwriting complexity through automated monitoring and decision-making capabilities.

### How large is the Coris team?
Coris currently has an 8-person team.

### What are Coris's most recent developments?
Coris recently raised a $3.7 million seed round in early 2024, co-led by Lux Capital and Exponent Capital. The company has processed 150,000 SMB verifications and secured notable clients including GoFundMe, Kajabi, Clio, and Mindbody.

## Tags

b2b, cloud-native, cybersecurity, saas, security, startup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*