13 Best Technology Penny Stocks to Buy Right Now

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7. Riskified Ltd. (NYSE:RSKD)

Share Price as of March 28: $4.77

Number of Hedge Fund Holders: 23

Riskified Ltd. (NYSE:RSKD) offers an e-commerce risk-intelligence platform that allows online merchants to create trusted relationships with global consumers. Its services range from ensuring the legitimacy of merchants’ online orders to helping merchants avoid bank authorization failures and abandoned shopping carts. It serves DTC brands, online-only retailers, omnichannel retailers, online marketplaces, and e-commerce service providers.

The company’s PolicyProtect product addresses return and claim abuse in e-commerce. This market segment represents more than $100 billion in potential losses. The PolicyProtect product reduces this issue through steps like instant refunds based on risk assessments and the prevention of resale of limited-run items. This product drove the company’s overall 2024 revenue to grow greatly by 90% year-over-year.

Riskified Ltd. (NYSE:RSKD) has also partnered with Appriss Retail to integrate data on consumer shopping patterns to assist with customer interactions across online and offline channels. The company is investing in improving the product’s accuracy and scalability to increase adoption among merchants. It has introduced the Decision Studio, which helped merchants create, simulate, and manage customer-facing policy decisions.

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