Coris
Coris, formerly known as Coris Inc., is a B2B infrastructure company based in San Francisco, CA, offering a suite of risk management products for SaaS companies, PayFacs, and Fintechs.
Company Background and History
Coris, formerly known as Coris Inc., is based in San Francisco, CA, USA. It operates within the B2B industry, specifically in infrastructure. Founded by a compact team of two, Coris participated in the Y-Combinator batch of S22. The company has a strong track record, having built risk systems at renowned organizations like eBay, PayPal, WePay, and Google. Coris launched its product in under three months and has live pilots with companies such as Housecall Pro and Wave Accounting.
Products and Solutions Offered
Coris offers three primary products: MerchantProfiler, Fuzio, and CorShield. MerchantProfiler automates key business checks such as sanctions screening, business registration, and website analysis. Fuzio is described as the first 'operating system' for merchant risk, designed to centralize risk management and automate tasks. CorShield constantly monitors merchant risk data. These products serve the SaaS, PayFacs, and Fintech industries, offering solutions for merchant onboarding, risk decisioning, and manual review optimization. Coris integrates with platforms like Stripe, Snowflake, and Redshift for data aggregation.
Industry Focus and Target Markets
Coris primarily targets SaaS companies, PayFacs, and Fintechs, offering solutions tailored to these markets. Its Risk API is designed for SaaS companies and Fintechs that underwrite SMBs. The company's solutions aid in merchant onboarding, risk decisioning, and manual review optimization, reducing operational costs and alert review times. Coris automates risk management tasks, enabling pre-qualification and KYB for merchants across 46 countries, and facilitates the verification of merchant identity and business attributes.
Technological Integrations and Capabilities
Coris leverages integrations with various platforms such as Stripe, Snowflake, and Redshift to aggregate and manage data. The company’s technological capabilities include automating risk checks, monitoring merchant risk lifecycle, and providing a centralized Risk OS to replace spreadsheets. Coris’s rule engine automates checks and actions, minimizing the risk of manual errors. The case management feature gathers information and signals on merchants continuously, creating essential paper trails for post-mortems and audits.
Innovations and Key Features
Coris introduces several innovative features through its suite of products. MerchantProfiler pre-qualifies merchants and performs KYB across 46 countries. Fuzio consolidates merchant data in a single place, customizes rules and actions, and automates tasks. CorShield provides constant monitoring of merchant risk data. Coris's solutions are designed to pre-predict merchant industry codes, analyze websites for risk flags, and automate merchant underwriting by tiered risk profiling. These features collectively aim to reduce onboarding time, operational costs, and manual review requirements.