Midigator, an American Fork, Utah-based provider of an automated software platform to prevent, analyze and manage payment card chargebacks, received a $30m minority growth equity investment.
LLR Partners made the investment partnering with the Midigator’s management team.
The company intends to use the funds to expand product capabilities and accelerate sales growth.
Led by Corey Baggett, Founder & CEO, Midigator provides software that prevents, analyzes and manages payment card chargebacks. Key features of the platform include automated chargeback prevention alerts, intelligent chargeback representments and real-time data analytics and reporting. Its analytics enable businesses to take preemptive action against chargebacks to keep merchant accounts profitable.