Coris is an AI-powered merchant risk intelligence platform purpose-built for payment processors, acquirers, and embedded payments companies. In a market flooded with consumer fraud tools, Coris focuses on a different problem: helping companies that onboard and manage merchants understand, monitor, and mitigate risk across their portfolios.

Founded 2022 | HQ: New York | Funding: $4.2M (Seed) | YC W23

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Coris was founded in 2022 by Ari Golu (CEO) and Sahand Haghighat, graduating from Y Combinator's Winter 2023 batch. The company addresses a specific pain point: payment processors and embedded payments companies need to assess merchant risk continuously, not just at onboarding. Traditional tools check a merchant once and move on. Coris monitors them around the clock.

The platform combines automated underwriting, continuous monitoring, and AI-powered research agents into a single system. For companies managing portfolios of sub-merchants, whether that is a payment facilitator with 10,000 merchants or a marketplace with 50,000 sellers, Coris provides visibility that most existing tools simply do not offer.

The timing is significant. As embedded payments adoption accelerates, more companies are becoming de facto payment facilitators without the mature risk infrastructure that traditional acquirers built over decades. Coris is positioned to fill that gap with modern tooling designed for the way merchant portfolios are managed today.

Purpose-built for merchant risk. This is not a generic fraud tool repurposed for merchant monitoring. Coris was designed from the ground up for payment processors, acquirers, ISOs, and payment facilitators. The platform understands the specific risk signals that matter in merchant portfolios: website content changes, regulatory actions, transaction pattern shifts, and chargeback velocity.

24/7 AI research agent via Slack. One of the most distinctive features in our directory. Coris offers an AI-powered research agent accessible through Slack that can answer questions about merchant portfolios, perform deep dives on specific merchants, and generate risk reports on demand. For risk analysts who need answers at 2am, this is genuinely useful.

Strong early customer traction. Despite being seed-stage, Coris has landed impressive names: Weave, Kajabi, GoFundMe, Stax Payments, Paysafe, and Pushpay. These are not small companies. Having Paysafe on the customer list validates the platform against enterprise-grade expectations.

Continuous monitoring catches what others miss. Most merchant risk tools check at onboarding and then rely on periodic reviews. Coris monitors merchant websites, transaction patterns, and regulatory filings continuously, flagging changes that indicate emerging risk before they become chargebacks or compliance violations.

Early-stage company. Coris raised $4.2M in seed funding from Y Combinator, Soma Capital, and Liquid 2 Ventures. The team is small relative to enterprise competitors. For organisations that require deep vendor stability guarantees, the early stage may be a consideration.

Narrow focus. Coris is specifically a merchant risk platform. It does not handle consumer identity verification, payment fraud scoring, or AML transaction monitoring. Companies needing a full fraud and compliance stack will still need additional tools alongside Coris.

No public pricing. Like most tools in this space, pricing is not publicly disclosed. Expect custom pricing based on portfolio size and monitoring requirements.

Pricing is not publicly available. Coris operates as a SaaS platform with custom pricing likely based on merchant portfolio size. Deployment is cloud-based with integrations into existing payment processor workflows. The Slack-based AI agent is included as part of the platform.

Coris is SOC 2 certified and supports PCI compliance requirements for merchant-facing operations. Given the early stage of the company, we expect the compliance posture to expand as the customer base grows into larger enterprise accounts.

Overall: 3.5/5

Coris fills a genuine gap in the market. Merchant risk intelligence for payment processors has historically been underserved by tools designed for consumer fraud or general compliance. The platform's continuous monitoring, AI research agent, and early traction with credible customers make it worth evaluating for any company managing a merchant portfolio. The seed-stage status means you are buying into potential as much as proven scale, but the YC backing and customer names suggest the trajectory is strong.

Best suited for payment facilitators, acquirers, and embedded payments companies that need purpose-built merchant risk tooling rather than repurposed consumer fraud solutions. Companies running smaller merchant portfolios under 1,000 merchants may find that the value proposition does not justify the cost at this stage. Watch for a Series A announcement, which would signal expanded capabilities and broader market readiness.

Try Coris: coris.ai