envisso logo

envisso

AI-powered merchant risk monitoring and embedded credit insurance for payment companies

Underwriting & Risk Startup Seed
Visit Website

Overview

Envisso is an embedded credit insurance and merchant risk platform for payment service providers, acquirers, and payment facilitators. The company operates as a trading style of Kinetic International UK Limited (Company No. 14306052), founded in 2022 by Tom Duncan and Rajiv Chandna following the Thomas Cook collapse in 2019, which demonstrated that rolling reserves cover less than 10% of actual acquirer settlement exposure. Envisso is regulated as an FCA Appointed Representative (FRN 609155) under Innovative Risk Labs Limited, with underwriting provided by AA-rated carriers Swiss Re and Chubb.

The platform combines AI-driven risk scoring with embedded credit insurance across three core modules: pre-onboarding assessment, continuous portfolio monitoring, and insurer-backed coverage that replaces rolling reserve collateral. It draws on 30+ external data sources to generate merchant risk scores across credit, fraud, and compliance dimensions. The platform is delivered as SaaS with no integration required for portfolio assessment via the pre-onboarding product, and API-accessible for monitoring workflows. In November 2025, Envisso announced a data and AI platform partnership with Databricks.

The platform monitors 45,000+ merchants across 35+ countries and 15+ industries, protecting USD 18B+ in annual transaction volume. Envisso raised USD 7.7M in Seed funding in November 2023 from Openspace Capital and Forge Ventures. Notable customers include Worldpay, Trust Payments, DNA Payments, and Red Dot Payment.

Products & Services

Protect

Embedded credit insurance that enables payment companies to onboard deferred delivery merchants without requiring rolling reserves or collateral. Coverage is provided by AA-rated insurers (Swiss Re and Chubb). Target verticals include travel and airlines, OTAs and hospitality, subscriptions and SaaS, and events and ticketing. A Dynamic Collateral Module is available for companies that prefer collateral management with positions that adjust automatically to live risk scores.

Key Features

  • Insurer-backed coverage replacing rolling reserve requirements
  • AI-underwritten risk assessment per merchant
  • Dynamic Collateral Module for collateral positions tied to live risk scores
  • Support for 15+ deferred delivery verticals

Target Users: Payment service providers, acquirers, and PayFacs onboarding deferred delivery merchants

Monitor

AI-powered continuous merchant risk monitoring covering credit risk modeling, fraud detection, compliance surveillance, and reputational signals. Aggregates data from transaction patterns, domain reputation, external review platforms (Google Reviews, Trustpilot), website risk signals, and regulatory databases to produce an ongoing risk score per merchant.

Key Features

  • Real-time credit risk scoring and probability of default modeling
  • Fraud and transaction laundering detection
  • Compliance monitoring for unauthorized sales and regulatory breaches
  • Sentiment analysis from external review sources and website risk assessment

Target Users: Acquirers, PSPs, and PayFacs managing active merchant portfolios

Assess (Explore Merchant)

Pre-onboarding risk assessment delivering a comprehensive merchant risk report within 48 hours using 30+ data sources. Launched as Explore Merchant in December 2025. Evaluates website risk, policy compliance, external reputation, and credit risk via probability of default modeling.

Key Features

  • 48-hour merchant risk report delivery
  • Website risk, policy compliance, credit risk, and external reputation assessment
  • Bulk assessment for up to 100 merchants simultaneously
  • Probability of default modeling for credit risk evaluation

Target Users: Acquirers, PSPs, and PayFacs processing high volumes of merchant applications

Consult

Advisory services providing direct access to Envisso risk experts for embedded risk functions, regulatory preparation, and outsourced merchant risk capability building.

Key Features

  • Advisory services for payment companies building merchant risk programs
  • Embedded risk function outsourcing
  • Regulatory preparation support

Target Users: Payment companies building or maturing internal merchant risk capabilities

At a Glance

Founded
2022
Headquarters
London, England
Employees
11-50
Funding
Seed

Category & Focus

Category
Underwriting & Risk
Subcategories
Embedded Insurance Merchant Risk Scoring Credit Risk Monitoring Fraud Detection
Insurance Verticals
Specialty/E&S
Target Customers
MGAs/MGUs, Carriers

Customers

  • Worldpay
  • Trust Payments
  • DNA Payments
  • Red Dot Payment

Links

Similar Companies

Last updated: 2026-06-13