Quavo, a Wilmington, Delaware-based provider of a software platform that resolves fraud and disputes in financial transactions, received a multi-million-dollar investment from revenue-based financing firm Decathlon Capital.
The company will use the funding to enhance its software as a service platforms and expand its sales and marketing capacity.
Founded in 2016 and led by CEO Richard Jefferson and CFO Dan Penne, Quavo is a technology-enabled services company focused on financial services. It offers managed solutions for payment disputes and Pega implementation services for customer services, onboarding and case management. The company directly addresses the estimated 150 billion card transactions that occur each year in the U.S., of which approximately 110 million are disputed. That number of card transactions continues to climb as recurring payments, ecommerce and digital transactions surge.
FinSMEs
23/06/2020