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Why Riskified Ltd. (RSKD) Is One of the Best Technology Penny Stocks to Buy According to Hedge Funds?

The article from MSN discusses why Riskified Ltd. (RSKD) is considered one of the best technology penny stocks to buy, according to hedge funds. Riskified, an Israel-based company, specializes in providing fraud prevention and risk management solutions for e-commerce businesses. The company's platform uses machine learning to analyze transactions in real-time, helping merchants approve more orders while reducing fraud. Hedge funds are reportedly bullish on Riskified due to its innovative technology, growing customer base, and the increasing need for robust fraud detection systems in the expanding e-commerce sector. The article highlights that despite being a penny stock, Riskified has shown strong fundamentals, including a significant increase in gross merchandise volume (GMV) and a strategic partnership with Shopify, which has expanded its market reach. Additionally, the company's recent financial performance indicates a path towards profitability, making it an attractive investment for those looking at technology stocks with growth potential.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/why-riskified-ltd-rskd-is-one-of-the-best-technology-penny-stocks-to-buy-according-to-hedge-funds/ar-AA1wz70w ]