This post was originally published on Finextra (Security)
Today, we’re thrilled to share a major milestone: Chargeflow has raised a $35M Series A, led by Viola Growth, with participation from OpenView Venture Partners, Journey Ventures, and world-class angels, including David Avgi, former CEO of SafeCharge.
The round includes a $10M debt facility, bringing our total funding to $49M.
This new capital accelerates our mission to solve one of the most complex and painful problems in commerce: friendly fraud. It will fuel global expansion, deepen our partnerships with enterprise merchants and payment platforms, and power the development of Chargeflow Prevent – the first-ever friendly-fraud prevention solution.
Our Momentum
In the last year, our revenue tripled and our customer base doubled.
Today, Chargeflow protects 15,000+ businesses, including Miro, Huel, Fanatics, HexClad, Sweetgreen, Crunchbase, WHOOP, and Elementor, and has helped recover over $100M in disputed revenue.
But this journey didn’t begin with a pitch deck. It began with pain.
At our previous company, Avia and I built a fast-growing global beauty brand with a subscription box loved by hundreds of thousands of customers. And then the chargebacks hit.
Not the criminal kind – the sneaky kind.
A tap inside a banking app.
A “didn’t receive.”
A forgotten subscription.
Friendly fraud. Digital shoplifting.
We searched everywhere for a solution that could automate the chaos,
— Read the rest of this post, which was originally published on Finextra (Security).
