Problem

Coris addresses the operational burden of merchant risk management for payments businesses. Risk teams often rely on spreadsheets and legacy systems, spend hours investigating alerts, and struggle with false positives while needing to underwrite, monitor, and intervene across large merchant portfolios. The pain is both labor-intensive and financially consequential: fraud and compliance losses escalate quickly, while slow reviews delay good merchants and increase operating costs.

The core use case is automating SMB and merchant onboarding while maintaining continuous oversight after approval. For platforms monitoring thousands of sellers, Coris aims to approve low-risk merchants quickly, route complex cases to analysts, and detect changing signals such as business-status changes, deteriorating reviews, or suspicious activity before they become costly losses.

Product / Service

Coris is an AI-powered merchant and payment-risk platform spanning onboarding, underwriting, transaction monitoring, disputes, and ongoing portfolio oversight. It centralizes external signals, fraud scores, and a customer’s own data, then applies configurable rules and AI agents that follow risk playbooks. Agents can research merchants, summarize risk, decision alerts, pause or delay payouts, request information from merchants, and resolve routine cases with audit trails while escalating edge cases to human teams.

The product is delivered as an enterprise risk-infrastructure platform rather than a standalone point solution. Coris says it handles integrations and setup, can launch deployments in weeks, and helps risk experts configure rules and workflows for each customer. The intended benefits are faster approvals, lower fraud, fewer manual reviews, and the ability to scale risk operations without building a full internal risk stack or hiring a large risk team.

Market

Coris competes in AI-powered merchant-risk, payment-fraud, underwriting, and risk-operations infrastructure. Its buyers include fintechs, SaaS platforms, ISOs, payment facilitators, sponsor banks, and other businesses that onboard or oversee merchants. The closest alternatives are generic fraud and risk-management tools as well as internally assembled spreadsheets and legacy systems; the reviewed company materials position Coris as a unified, merchant-specific alternative but do not identify a single named direct competitor.

Coris is not pre-revenue based on the evidence available. It has announced a $3.7 million fundraise, says enterprise customers have verified more than 150,000 SMBs using data covering more than 330 million global SMBs, and reports monitoring 1.5 million-plus merchants and more than $50 billion in transaction volume. Its materials also cite customers and partners including Coast, Mindbody, Stax Payments, Kajabi, Kustom, Autura, Webconnex, Tekmetric, and Alloy; reported outcomes include faster onboarding, a 75% reduction in application review time for Coast, and 80% fewer manual reviews across the platform.