Riskified Ltd.

Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.

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There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.

We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.

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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com

The complaint alleges that Riskified’s IPO Registration Statement made inaccurate statements of material fact by failing to disclose adverse facts that existed at the time of the IPO, specifically that: (i) as its user base expanded, Riskified’s machine learning platform had deteriorated (rather than improved as previously represented); (ii) Riskified had expanded its customer base into industries with relatively high rates of fraud, including cryptocurrency and remittances payments; (iii) as a result, Riskified was experiencing significantly higher chargebacks and cost of revenue, coupled with depressed gross profits during its third fiscal quarter in 2021; (iv) the Registration Statement’s representations regarding historical financial and operations metrics and market opportunities did not accurately reflect the actual business prior to, and at the time of the IPO.