Kloutit, a Barcelona-based startup specialising in automated AI solutions for chargeback management, has raised €540K in its first funding round. The funds will be directed towards the development and enhancement of its Software as a Service (SaaS) offering.
The funding round was led by Lanai Ventures and BStartup 10, with additional participation from several notable industry figures, including Luis Osorio Solé, CEO of Stayforlong; Francesc López, COO of Stayforlong; and Raúl Morón, CTO of Stayforlong. Other notable investors include Axel Serena (CEO of ByeTravel), Manuel Roca (CEO of Atrápalo), Ricardo Fernández (CEO of Destinia), and Daniel Romy, founder of Simplr.
Founded just two months ago, Kloutit has already recovered over €150k for its clients, demonstrating the profitability of its service.
Albert Algarra, CEO of Kloutit, expressed optimism about the funding’s potential to advance the company’s mission: “The funding raised so far not only allows us to invest more in technology and customer acquisition, but we have also been able to surround ourselves with investors, whose experience and knowledge can bring a lot to the project with their ideas and feedback.”
Founded in 2024, Kloutit’s primary offering focuses on AI-driven solutions to streamline the chargeback process, they claim an 80% success rate in defending cases for businesses.
Kloutit uses AI technology to automate and simplify chargeback management, helping businesses combat financial losses while also working proactively to prevent disputes. The platform allows the uploading of emails, invoices or images to generate a tailored defence – all “under 30 seconds“.
The company plans to further develop its tools, integrating them with payment processors and other third-party systems to enhance its capabilities. Additionally, Kloutit is working on a comprehensive chargeback prevention system that will leverage data analysis to predict and mitigate risks associated with problematic transactions.
Diego Camilleri, General Partner at Lanai Ventures, shared his enthusiasm for the startup: “Kloutit brings together all the ingredients we look for in an investment. Its founding team combines a deep knowledge of the problem, as Albert was responsible for this issue at Stayforlong, and the technological and strategic expertise of Adrián and Alexis, who complete an exceptional team. We are proud to lead this round alongside leading investors such as BStartup and industry experts, including executives from Atrápalo and Stayforlong, who bring even more validation and confidence in the project’s potential..”
Looking ahead, Kloutit plans to expand its services through pilot tests with prominent online businesses, including ByeTravel and Atrápalo.
With its recent launch, the startup is set to grow organically, aiming to solidify its place as a key player in the chargeback management space.
Read the orginal article: https://www.eu-startups.com/2024/12/under-30-seconds-kloutit-raises-e540k-to-develop-chargeback-management-with-ai/
