#1riskified#2Safe Harbor Disclaimer This presentation has been prepared by Riskified Ltd. ("we." "us," "our," "Riskified" or the "Company") for the exclusive use of the party to whom the Company delivers this presentation. The Company has filed a registration statement on Form F-1 (No. 333-257603) (the "Registration Statement"), including a prospectus, with the Securities and Exchange Commission (the "SEC") for the initial public offering of the Company's Class A ordinary shares (the "Ordinary Shares") to which this communication relates. The Registration Statement has not yet become effective. The Ordinary Shares may not be sold, nor may offers be accepted, prior to the time the Registration Statement becomes effective. Before you invest, you should read the prospectus in the Registration Statement, including the "Risk Factors" set forth therein, and the other documents that the Company has filed with the SEC for more complete information about the Company and this offering. You can obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus may be obtained from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]; J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; and Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by email at [email protected]. During the course of this presentation, we may make forward-looking statements or provide forward looking information. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify these statements by forward-looking words, such as "may." "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek," "believe," "estimate," "predict," "potential," "continue," "contemplate," "possible" or similar words, as well as their negatives. Our estimates and forward-looking statements are mainly based on our management's current expectations and estimates of future events and trends, which affect or may affect our business, operations and industry. Although these estimates and forward-looking statements are based upon our management's current reasonable beliefs and assumptions and on information currently available to our management, they are subject to numerous risks and uncertainties and are made in light of information currently available to us. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward looking statements, and such differences could be material. Except as required by applicable law, we undertake no obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances. This presentation includes market and industry data that we obtained from periodic industry publications, third-party studies and surveys, filings of public companies in our industry, internal company surveys, and our review and analysis of market conditions, surveys and customer feedback. Our expectations regarding market and industry data, including expected growth rates, are subject to change based on our ongoing analysis of prevailing market and industry conditions and, as a result, assumptions based on such expectations may not be reliable indicators of future results. Except as required by applicable law, we undertake no obligation to update such figures in the future. These sources include government and industry sources. Industry publications and surveys generally state that the information contained therein. Certain information is based on management estimates, which have been derived from third-party sources, as well as data from the Company's internal research, and are based on certain assumptions that the Company believes to be reasonable. Although we believe the industry data to be reliable as of the date of this presentation, this information could prove to be inaccurate. Industry data could be wrong because of the method by which sources obtained their data and because information cannot always be verified with complete certainty due to the limits on the availability and reliability of raw data, the voluntary nature of the data gathering process, and other limitations and uncertainties. In addition, we do not know all of the assumptions regarding general economic conditions or growth that were used in preparing the forecasts from the sources relied upon or cited herein. Certain of these publications, studies and reports were published before the COVID-19 pandemic and therefore do not reflect any impact of COVID-19 on any specific market or globally. Accordingly, you are cautioned not to place undue reliance on such market and industry data or any other such estimates. In addition, references to third-party publications and research reports herein are not intended to imply, and should not be construed to imply, a relationship with, or endorsement of us by, the third-party producing any such publication or report. Further, certain financial measures and statistical information in this document have been subject to rounding adjustments. Accordingly, the sum of certain data may not conform to the expressed total. All trademarks, service marks and trade names appearing in this presentation are, to our knowledge, the property of their respective owners. We do not intend our use or display of other companies' trademarks, service marks, copyrights or trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies except where explicitly stated. All trademarks, service marks and trade names appearing in this presentation are, to our knowledge, the property of their respective owners. We do not intend our use or display of other companies' trademarks, service marks, copyrights or trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies except where explicitly stated.#3ľ Eido Gal Co-Founder & Chief Executive Officer#4ľ B Assaf Feldman Co-Founder & Chief Technology Officer#5ľ' Peter Elmgren Chief Revenue Officer#6l' Naama Ofek Arad Chief Operating Officer#7yu Oded Weinreb VP, Product#8A New Paradigm :f 11 ▬ CHİH#9ľ Elad Cohen VP, Data Science and Research#10Chargeback fraud Do Merchant Policy Abuse Account Takeovers#11Chargeback fraud $10B+ a year(¹) o Merchant Policy Abuse Account Takeovers (1) According to Juniper Research (Online Payment Fraud - Deep Dive Data & Forecasting 2021-2025), FIS Global (2020 Javelin ID Fraud Study points to dramatic rise in real-time P2P fraud), National Retail Federation (Consumer Returns in the Retail Industry 2020).#12$10B+ a year $400B+ Lost Revenue Opportunities (1) According to Juniper Research (Online Payment Fraud - Deep Dive Data & Forecasting 2021-2025), FIS Global (2020 Javelin ID Fraud Study points to dramatic rise in real-time P2P fraud), National Retail Federation (Consumer Returns in the Retail Industry 2020). (2) According to Aite Group, "The Ecommerce Conundrum: Balancing False Declines and Fraud Prevention, April 1, 2020.#13Lost Revenue Opportunities $440B in 2021(¹) (1) According to Aite Group, "The Ecommerce Conundrum: Balancing False Declines, and Fraud Prevention," April 1, 2020:"#14$100's of billions (¹) × (1) According to Edgar, Dunn & Company (From Hard Decline to Abandoned Purchases: Conversion Killers in the New Era of eCommerce Payment Security)#15Riskified helps merchants increase their sales by more than 20% (1) This statement is based on an analysis performed using the ten largest merchants that provided pre-Riskified performance data to us. Such ten largest merchants were identified by ranking the Billings of our merchants that provided pre-Riskified performance data to us over the period from November 1, 2020 to January 31, 2021. For the year ended December 31, 2020, these identified ten largest merchants collectively represented approximately 35% of total Billings. Increase in revenue through increased sales approval rates represents the difference in total dollar-based orders cleared and accepted by the merchant's fraud review process, expressed as a percentage of dollar-based order volume. The calculation compares (a) the sampled merchants' average post-Riskified performance over (i) the last twelve months ended January 31, 2021, or (ii) where 12 months of data was not available, the data we have for the most recent period ended January 31, 2021, or (iii) in one instance, the 12-month period after the merchant began submitting almost all of its online transactions to us for approval decisions using the Chargeback Guarantee, with (b) the sampled merchants' average pre-Riskified performance for the time period such merchants shared with us. Pre-Riskified approval rate methodologies may vary by merchant, and the pre-Riskified data provided by each individual merchant may be for different periods or lengths of time.#16With Riskified merchants massively reduce their operational costs for fraud 60%(¹) (1) This statement is based on an analysis performed using the ten largest merchants that provided pre-Riskified performance data to us. Such ten largest merchants were identified by ranking the Billings of our merchants that provided pre-Riskified performance data to us over the period from November 1, 2020 to January 31, 2021. For the year ended December 31, 2020, these identified ten largest merchants collectively represented approximately 35% of total Billings. Decrease in costs reflect the merchant's decrease in dollar-based chargeback costs after accounting for our fees. There may be additional costs associated with fraud prevention for the pre-Riskified period. The calculation compares (a) the sampled merchants' average post-Riskified performance over (i) the last twelve months ended January 31, 2021, or (ii) where 12 months of data was not available, the data we have for the most recent period ended January 31, 2021, or (ili) in one instance, the 12-month period after the merchant began submitting almost all of its online transactions to us for approval decisions using the Chargeback Guarantee, with (b) the sampled merchants' average pre-Riskified performance for the time period such merchants shared with us. Pre-Riskified chargeback cost methodologies may vary by merchant, and the pre-Riskified performance data provided by each individual merchant may be for different periods or lengths of time.#17(1) Source: eMarketer 2020 $4.3 trillion global eCommerce GMV in 2020 (2)#18(1) Source: eMarketer 2020 $6.4 trillion global eCommerce GMV in 2024" $4.3 trillion global eCommerce GMV in 2020 (²)#19Reimagining eCommerce Risk Management ⠀ : 1 11 N HH#20Account Security Payment Authorization Rate Optimization Abuse and Policy Enforcement#21The Flywheel Effect H#22Ⓡ Data Accuracy Riskified Flywheel مدا Increased Value#23More than 1 billion historical transactions(¹) (1) Based on Riskified's records of captured orders in the platform as of June, 2021. ľ'#24(1) Based on Riskified data as of July, 2021 13 EB 25 Hundreds of the world's largest merchants#25Repeat interaction histories#26400 million consumers (¹) (1) Based on Riskified's trend data showing growth of Riskified's repository of unique consumers.#271,000,000's of transactions(¹) (1) Based on Riskified's daily submitted orders for May 2021.#28Input Data Decision#29Strong ROI : CHİH#30Aglika Dotcheva Chief Financial Officer#31Go To Market | {H 14#32$4.3 trillion global eCommerce GMV in 2020(²) Riskified in 2020 $63.4B of GMV(¹) (1) GMV Footnote: "GMV" is defined as the gross total dollar value of orders received by our merchants and reviewed through our platform during the period indicated, including the value of orders that we did not approve." (2) Source: eMarketer 2020#33< 2% (1) (1) Calculated using Riskified's GMV as of December 31, 2020 as a percentage of global eCommerce GMV in 2020.#34GMV $4.3 Trillion(¹) (1) Source: eMarketer 2020. Global Ecommerce Sales in 2020#35GMV $4.3 Trillion(¹) (1) Source: eMarketer 2020. Strategic Super Enterprise Enterprise Mid Market SMB Small Segments of Focus#36GMV $4.3 Trillion(1) 85%) of direct to consumer sales online (1) Source: eMarketer 2020. (2) According to management calculations based on data provided by ecommerceDB, "Enterprise Merchant Size Analysis," as of December 31, 2020. Segments of Focus#373 of the top 10 largest internet retailers use Riskified(¹) (1) According to Digital Commerce 360 (2020 Top 500 Report)#38*wayfair REVOLVE#39★macy's BIS#40wish#41Booking.com#42ticketmaster#43By The Numbers : 11 TH#44For the year ended December 31, 2020 $60B+ GMV(¹) (1) "GMV" is defined as the gross total dollar value of orders received by our merchants and reviewed through our platform during the period indicated, including the value of orders that we did not approve.#45$74M $36M 2018 $131M $66M 2019 (1) Based on Riskified's audited financial statements for the years ended December 31, 2018, 2019 and 2020. $170M $93M 2020 50%+CAGR 2018-2020 Revenue CAGR 60%+CAGR 2018-2020 Gross Profit CAGR Revenues(¹) ▪ Gross Profit#4650%+ Q1'21 YOY Revenue Growth 60%+ Q1'21 YoY Gross Profit Growth (1) Based on Riskified's audited financial statements for the year ended December 31, 2020 and unaudited financial statements for the quarter ended March 31, 2021.#47$60M $50M $40M $30M $20M $10M $0M $33M $51M Revenues(¹) $17M $29M Gross Profit(¹) (1) Based on Riskified's audited financial statements for the year ended December 31, 2020 and unaudited financial statements for the quarter ended March 31, 2021. Q1'20 ▪ Q1'21#48Revenue Since Inception 2013 2014 2015 2016 2017 (1) Based on Riskified's audited financial statements for the years ending December 31, 2018, 2019 and 2020. 2018 2019 $170M 2020 (1)#49Approved GMV ($) % Risk-Adjusted Fee Declined No Cost (1) GMV" is defined as the gross total dollar value of orders received by our merchants and reviewed through our platform during the period indicated, including the value of orders that we did not approve.#50Riskified growth more than doubled the overall growth in the eCommerce industry(¹) (1) Source: eMarketer Global eCommerce Update, 2021.#51Billings $200M $150M $100M $50M SOM Billings by Industry ■ Tickets & Travel ■ Electronics ■ Home ■ General Fashion & Luxury Goods 2013 2014 2015 2016 2017 2018 2019 2020 (1) "Billings" is defined as (1) gross amounts invoiced to our merchants and estimates for cancellations and service level agreements for transactions approved during the period plus (2) changes in estimates for cancellations and service level agreements for orders approved in prior periods. Billings excludes credits issued for chargebacks.#52Billings $200M $150M $100M $50M SOM Billings by Geography APAC ☐ EMEA ■ Other Americas = US 2016 2017 2018 2019 2020 (1) "Billings" is defined as (1) gross amounts invoiced to our merchants and estimates for cancellations and service level agreements for transactions approved during the period plus (2) changes in estimates for cancellations and service level agreements for orders approved in prior periods. Billings excludes credits issued for chargebacks.#53117% FY 2020 Net Dollar Retention Rate(¹) All industries (1) "Net Dollar Retention Rate" is defined as amounts billed in the current period to the same cohort of accounts that were active in the prior comparative period. The amounts billed include any upsell and are net of contraction and attrition. We define an active account as an account that generally has submitted at least one order to us for review in every month of the indicated period.#54158% FY 2020 Net Dollar Retention Rate(¹) All industries w/o Tickets & Travel (1) "Net Dollar Retention Rate" is defined as amounts billed in the current period to the same cohort of accounts that were active in the prior comparative period. The amounts billed include any upsell and are net of contraction and attrition. We define an active account as an account that generally has submitted at least one order to us for review in every month of the indicated period.#5598% High Annual Dollar Retention Rate" (1) "Annual Dollar Retention Rate" is defined as (i) Annual Churn, divided by (ii) our total Billings, for the last twelve months as of November of each year, and then subtracted from 100% (2) "Annual Churn" is calculated first by multiplying each churned account's average monthly Billings (calculated based on the last twelve months, or, in instances where a merchant has been using our products for less than twelve months, the period for which the merchant used our products, preceding such churned account's date of churn) by the number of months remaining after the date of churn in the same fiscal year, which we refer to as lost Billings. After lost Billings are calculated for each churned account, we calculate the sum of the lost Billings for all churned accounts to determine Annual Churn.#5698% High Annual Dollar Retention Rate(¹) 2% Low Churn(²) (1) "Annual Dollar Retention Rate" is defined as ( Annual Churn, divided by (ii) our total Billings, for the last twelve months as of November of each year, and then subtracted from 100% (2) "Annual Churn" is calculated first by multiplying each churned account's average monthly Billings (calculated based on the last twelve months, or, in instances where a merchant has been using our products for less than twelve months, the period for which the merchant used our products, preceding such churned account's date of churn) by the number of months remaining after the date of churn in the same fiscal year, which we refer to as lost Billings. After lost Billings are calculated for each churned account, we calculate the sum of the lost Billings for all churned accounts to determine Annual Churn.#57Strong ROI Network Effect Recurring Revenue Model High Retention#58Scaled business network ▪ Leading machine learning risk management platform ▪ Direct and compelling customer ROI ▪ Global enterprise brands customers • Vast market potential "$4.3 Trillion" Footnote- eMarketer 2020.#59riskified