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Justt Comes Out Of Stealth, Announces $70M In Funding To Take On Antiquated Chargeback System

Nov 16, 2021•almost 4 years ago

Amount Raised

$70 Million

Tel Aviv

Description

Justt, a chargeback mitigation pioneer, today announced that it has raised $70 million in funding as it expands its mission to help global merchants fight false chargebacks with smart technology. The funding was raised across three tranches, including a Series B round led by Oak HC/FT and two previously unannounced rounds led by Zeev Ventures and F2 Venture Capital, respectively.

Company Information

Company

Justt

Location

Tel Aviv, Tel Aviv District, Israel

About

Founded in February 2020, Justt is dedicated to helping online merchants navigate the archaic, costly, and fundamentally unfair credit and debit card dispute system. Using machine learning and deep domain-specific expertise, Justt — formerly known as AcroCharge — effortlessly flags incorrect chargebacks, and builds tailored solutions to gather and submit evidence on merchants' behalf. The result: a fully customized, hands-off solution that defeats 85% of "friendly fraud" while eliminating the need for in-house mitigation programs. Media ContactDavid Wamsley415-259-9104 323727@email4pr.com SOURCE Justt

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech