Case Study: PrizePool prevents $500K in fraudulent transfers with Unit21

How PrizePool Prevented $500K in Fraudulent Transfers Using Unit21

PrizePool, a fintech that incentivizes saving through a "no-loss lottery," needed better visibility into transactions and faster detection of fraud—especially as a new debit card product sped up funds movement. Rather than build internal tooling, PrizePool engaged Unit21 and adopted Unit21’s Transaction Monitoring, Link Analysis, and Case Management capabilities to monitor activity in real time and separate signal from noise.

Using Unit21, PrizePool set up dozens of customizable rules, used Link Analysis to uncover related bad actors, and streamlined investigations (work Unit21 performs equivalent to at least two people). In the first three months on the platform, Unit21 helped PrizePool prevent over $500,000 in fraudulent transfers, accelerate case resolution, and free engineering resources to focus on the product.

PrizePool

Joe Woo

CTO and Co-Founder