FrankieOne

About

FrankieOne provides an API-based identity and fraud orchestration platform connecting financial, crypto and gaming clients to hundreds of vendors and 350+ data sources globally for KYC and fraud monitoring.

Mission

FrankieOne provides a single API that connects banking, fintech, crypto and gaming companies to hundreds of identity and fraud vendors and over 350 data sources across 48 countries to enable KYC and fraud detection. Founded in 2019 by Simon Costello and Aaron Chipper, the company works with about 170 financial institutions and customers such as Westpac, Shopify, Afterpay, Binance, Zipmex and PointsBet. FrankieOne says it has seen 4x revenue growth over the past 12 months, its team doubled year-over-year, and it opened a new San Francisco office. Its platform allows customers to switch on vendors, create dynamic workflows and add fraud signals so they don't rely on a single provider. Use cases include PointsBet increasing customer onboarding conversion by 14% and Westpac rolling FrankieOne into its banking-as-a-service KYC flow to improve pass rates. The company plans to scale faster internationally across North America, Europe and Asia-Pacific and will invest in its ecosystem of vendors, data sources and fraud capabilities. FrankieOne offers an automated platform that harnesses roughly 350 data sources to verify identities at onboarding and monitor subsequent activity for fraud. The product is delivered via APIs and supports data sources across 46 countries, positioning it for multinational customers. The company has about 90 customers (80 added in the last 18 months), including Afterpay, Westpac and Zipmex, and says ARR grew 20-fold in the past year with roughly half of sales coming from outside Australia. FrankieOne plans to expand its international footprint and will add transaction monitoring for both fiat and cryptocurrencies later this year. The business was born from a 2017 neobank effort by co-founders Simon Costello and Aaron Chipper that pivoted into identity/fraud tooling; the founders returned earlier investor funds from the original neobank effort. FrankieOne is based in Melbourne and has reached this traction without a marketing or sales team.

Quick Facts