Bayonet is a financial technology company, focused on increasing ecommerce acceptance rates and reducing chargebacks due to fraud related issues. According to Visa, over 1.2 billion USD were lost to fraud related issues in Latin America during 2016. A 60 billion USD online sales region, where Mexico faces a 13.9% rejection of all orders due to suspected fraud and more than 1.9% of chargebacks. Bayonet's team experienced this problem first hand at a local payment gateway and is now solving it.
Bayonet enables companies to feed and consult a global database about online consumers' reputation, based on their historic payments.
2016 Gold Winner