💰 Series C Funding Milestone
Chargeback management company Justt raised $30M in a Series C round on Dec. 19, 2024. This brings their total funding to $100M. The company plans to use the funds to expand into high-growth regions and enhance its AI-powered platform. The goal is to achieve profitability by 2027, according to CEO Ofir Tahor. Justt’s system analyzes over 500 data points to craft precise arguments for disputes, increasing merchants' revenue recovery. This is crucial in an industry where chargebacks cost $54.5B annually.
📈 Impressive Revenue Growth
Justt last raised funds in 2021. Since then, its revenue tripled by 2023 and doubled in 2024. Merchants using Justt’s platform nearly doubled their recovered revenue this year. The firm also managed almost twice the chargeback volume compared to 2023. These achievements reflect the platform’s growing efficiency and appeal among merchants globally.
🌍 Tackling Global Expansion
With the new funding, Justt is set to focus on global growth, targeting regions with high chargeback activity. Expanding its reach will help merchants in diverse markets address disputes effectively. The company’s AI-driven tools continuously improve through machine learning, enabling better win rates for disputes. Justt’s mission aligns with aiding merchants in combating fraudulent chargebacks and recovering revenue.
🤖 The AI-Powered Advantage
Justt’s proprietary AI system leverages over 500 data points from various sources. This tech reduces ambiguity in disputes and creates high-quality cases for merchants. The platform is designed to handle complex scenarios, from legitimate consumer disputes to friendly fraud cases. By improving dispute resolutions, Justt not only aids merchants but also indirectly fosters customer loyalty in financial institutions.
How will AI transform chargeback management?
