- FinTech provider Quavo Fraud & Disputes recently announced the company completed a $6 million Series A financing round. These are the details.
FinTech provider Quavo Fraud & Disputes recently announced the company completed a $6 million Series A financing round led by FINTOP Capital. The Series A funding round is a testament to Quavo’s recent and potential growth as the world’s only provider of fully automated and cloud-based fraud and dispute management SaaS offerings for issuers.
Quavo’s chargeback management offering for issuing FinTechs and financial institutions is unique in requiring zero upfront implementation costs while supporting clients with automatic regulatory, card network association, and product enhancement updates. And the symbiotic partnership between FINTOP and Quavo denotes a milestone for Quavo’s growth in financial services and its value to existing FINTOP investments. Quavo plans to use the funds to execute plans towards expansion, scalability, and stability.
Quavo’s partnership with FINTOP coincides with its formal creation of a board of directors, including FINTOP’s John Philpott and Jared Winegrad. And FINTOP’s representation will support the company by collaborating with fresh approaches and advanced industry expertise.
KEY QUOTES:
“We are incredibly excited about our Series A raise. FINTOP has a fantastic reputation, depth of knowledge in the financial services space, and its team is comprised of genuine and authentic leadership.”
— Joe McLean, Quavo’s Co-Founder and Managing Partner
“FINTOP hopes this investment will help Quavo expand their go-to-market strategies, grow their brand, and add further expertise to the Quavo ecosystem.”
— FINTOP’s John Philpott
“Quavo is the leading provider of fraud and dispute management technology and services. We’re anticipating this funding to raise Quavo in market recognition and brand awareness. FINTOP is distinguished in their specialization in FinTech and familiarity scaling companies to the next level. Access to the FINTOP network and with this infusion of capital will drive advances in Quavo’s products and services for existing and future clients.”
— Dan Penne, Quavo’s Co-Founder and Managing Partner
