Cranberry offers an AI-driven payment protection platform that automatically identifies and initiates chargeback disputes, increasing the likelihood of winning disputes by 90%. The platform also provides real-time insights into customer transaction risks at the point of sale, helping merchants reduce fraud and recover lost revenue.
Funding
$220K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Merchants face challenges in managing chargeback disputes, often lacking the resources or expertise to effectively contest them. This can lead to significant revenue loss and increased operational costs due to fraudulent or invalid chargebacks. Additionally, identifying potentially risky transactions at the point of sale is difficult, resulting in further financial losses.
Solution
Cranberry offers an AI-powered payment protection platform designed to automate and optimize chargeback dispute management. The platform leverages machine learning algorithms to analyze transaction data, identify potentially fraudulent chargebacks, and automatically generate compelling evidence to support dispute claims. Cranberry also provides real-time risk assessment of customer transactions at the point of sale, enabling merchants to proactively prevent fraud and minimize revenue loss. By streamlining the chargeback process and providing actionable insights, Cranberry helps merchants recover revenue, reduce operational costs, and focus on core business activities.
Target Audience
Cranberry targets e-commerce merchants and businesses of all sizes that process online payments and are seeking to reduce chargeback losses and improve fraud prevention.
Features
- AI-driven chargeback dispute automation
- Real-time transaction risk assessment using CranberryLINK
- Automated evidence generation for chargeback disputes
- Integration with existing POS platforms and payment gateways such as Shopify, Stripe, Moneris, Lightspeed, Clover, and Square
- API for direct integration