Albert Algarra
CEO
Kloutit
Kloutit automates the chargeback process using artificial intelligence to generate tailored defenses in under 30 seconds, maximizing success rates by analyzing case-specific data. The platform integrates directly with payment processors, allowing businesses to efficiently reclaim funds lost to chargebacks while only paying for successful outcomes.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Updated 16 days ago
Funding
Raised to date
$570KRaised 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.
Funding rounds are not available yet.
Founders
Product
Problem
Businesses face financial losses due to chargebacks, which are time-consuming and complex to dispute manually. Traditional chargeback processes often rely on generic defense strategies, resulting in low success rates and lost revenue.
Solution
Kloutit offers an AI-powered platform that automates the chargeback defense process, generating tailored responses in under 30 seconds. The system analyzes case-specific data, including emails and images, to construct compelling defenses and maximize success rates. By integrating directly with payment processors, Kloutit streamlines the submission of defenses and provides real-time updates on dispute resolutions. Businesses only pay a percentage of the recovered funds, aligning Kloutit's incentives with their clients' success.
Target Audience
Kloutit primarily targets businesses that process online payments and experience chargebacks, including e-commerce merchants, subscription services, and other online retailers.
Features
- AI-driven analysis of chargeback cases, including associated emails and images
- Automated generation of customized defense documentation
- Direct integration with payment processors for seamless submission and tracking
- Real-time updates on dispute resolutions
- ROI calculator to estimate potential savings
- Support for various business sectors, adapting to specific industry needs