Accel-KKR, a technology-focused private equity firm, today announced the successful carveout acquisition of Accertify from American Express (NYSE: AXP). As a standalone private company, Accertify will embark on a focused strategy to accelerate growth and product innovation in the global fraud protection technology market.
Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's advanced technologies help enterprises around the world prevent fraudulent transactions while helping their risk teams increase operational efficiency and improve overall revenue. Accertify customers include 40% of the Top 100 retailers, major global travel & hospitality companies, and financial service enterprises.
"This is the dawn of a new day for Accertify. With Accel-KKR's deep expertise in growing technology companies and Accertify's market-leading fraud prevention solutions, we are best positioned to deliver greater value to our customers worldwide. We look forward to accelerating our growth as an independent company, and helping our customers and partners succeed," said Mark Michelon, President of Accertify.
With an exponential increase in digital transactions, brands are focused on delivering best-in-class digital experiences while minimizing fraud and risk. Accertify takes a customer-centric approach by incorporating powerful machine learning technology backed by extensive community data to help clients reduce fraud and abuse, protect accounts and minimize chargeback costs.

Source prnewswire