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Five months after its launch the company raised $10m in venture capital from investors including former Google CEO Eric Schmidt and PayPal founder Peter Thiel. Fast Company placed BillGuard on their list of the Top 10 most innovative companies in Israel,The company was acquired by Prosper Marketplace in September 2015. Ouzan was named vice president of products and technology at Prosper Marketplace, a position he held until late 2016.

Ouzan speaks about technology, FinTech, cyber-security and entrepreneurship. In 2012, he spoke on heightened cyber security threats at the World Economic Forum's annual meeting in Davos. Among other talks, he delivered the keynote address at the Wired Money conference in London and lectured about his framework for building hacker teams at the Hello Tomorrow conference in Paris.

In 2010—the day after his final day as an IDF officer—Ouzan co-founded BillGuard with Yaron Samid. A spending-and-credit-tracking app, it allowed users to track their spending, monitor their credit, set up fraud alerts and, via crowd-sourced data, flag unauthorized charges. Ouzan served as BillGuard's chief technology officer and head of product development.

In 2006 Ouzan won the Israel-Intel Young Scientists Prize for a computer-based surveillance system that detects and follows the movement of an intruder in three dimensions. Originally developed as required coursework at Boys Town, it placed first in the 2005 Israel Department of Education national competition for projects related to Comprehensive Interdisciplinary Technology. Ouzan was awarded the prize at the residence of Israel's president as the recipient of the President's Award for Technology and Innovation. The national Intel prize qualified Ouzan to represent Israel at the International Intel Science competition, where he won second prize. In addition to a cash award, a planet was named after him in honor of his win.

Growing up, Ouzan visited Israel several times with his family. He had limited opportunity to further his programming studies in Reims, and seeking to learn more about technology and entrepreneurship, he moved to Jerusalem in 2003 through Na'ale Elite Academy, an organization for young Jewish people to make Aliyah independently. Through Na'ale, Ouzan attended Boys Town Jerusalem, a high school.

Raphael Ouzan (born June 9, 1987) is an Israeli technologist and entrepreneur. The recipient of Israel's President's Award for Technology and Innovation, he is the co-founder of BillGuard and the founder and chairman of Israel Tech Challenge.