Quavo, an East Lansing, Mich.-based FinTech provider, completed a $6m Series A financing.
The round was led by Fintop Capital.
The company intends to use the funds to expand its go-to-market strategies, grow the brand, and add further expertise to the ecosystem.
Quavo provides cloud-based dispute management solutions for financial institutions and FinTech organizations. It offers automated software solutions for disputes with complete Reg E and Reg Z compliance. The company’s premier software solutions are QFD™ and ARIA™. QFD automates fraud and dispute processing workflows, from intake to case resolution. The fraud management AI, ARIA, conducts the investigation process to reach decisions quickly.
Quavo also provides add-ons to the QFD software, namely Dispute Resolution Experts™, our human intelligence service.
The funding coincides with its formal creation of a board of directors, including Fintops’s John Philpott and Jared Winegrad.