#USA #New York #AI Technology #Justt #Chargeback Management

Justt Secures $30 Million in Series C Funding for Global Growth and AI Innovations

In a significant boost for the technology industry, Justt, recognized as a leader in AI-based chargeback management systems, has announced the successful completion of its $30 million Series C funding round. The investment, led by Zeev Ventures, saw participation from existing investors, including Oak HC/FT and F2 Venture Capital. This funding reflects the unwavering confidence of stakeholders in Justt and its trajectory as a market leader.

With a total of $100 million in funding to date, Justt is committed to transforming chargeback management through its pioneering AI technology and expert knowledge. The company's scalable platform caters to merchants of all scales, revolutionizing the dispute resolution process and enabling businesses to recover lost revenue while simplifying complex payment processes.

Driving Expansion and Innovation in Chargeback Solutions

The newly secured funds are poised to enhance Justt's strategic expansion into high-growth markets while aiming for profitability by 2027. The innovations in their proprietary AI-driven platform will allow the analysis of over 500 data points from various sources, crafting tailored, high-quality arguments for each dispute case. By employing machine learning, Justt optimizes dispute win rates and perpetually enhances outcomes over time.

Justt’s dedication to innovation has solidified its status as a trusted partner for over 200 clients, including prominent global e-commerce brands.

“Justt's advanced AI and machine learning-driven approach is revolutionizing chargeback management, providing merchants with a scalable, results-driven solution,” commented Oren Zeev, Founding Partner at Zeev Ventures. “This funding underscores my confidence in their vision, leadership, and long-term strategy as they continue to do remarkable work in redefining this industry.”

Growth Momentum and Client Success Rates

Since successfully closing its Series B in 2021, Justt has witnessed tremendous growth, with a 300% increase in revenue in 2023 and over 200% growth projected for 2024. The chargeback volume managed nearly doubled year-on-year, showcasing the platform's growing acceptance in the market. Clients switching to Justt—whether from in-house systems or alternative solutions—have received nearly twice the revenue recovery, highlighting the effectiveness of Justt's technology.

Ofir Tahor, CEO and Co-Founder of Justt expressed, “Our ability to scale with clients while maintaining quality and ensuring continuously improving results distinguishes us in the industry. This funding will facilitate our global expansion, drive technological advancements, and further our goal of helping merchants resolve payment disputes efficiently.”

Expanding Global Footprint

In 2024, Justt made a significant leap in its global presence by inaugurating new offices in New York and London. These strategic locations strengthen Justt's support for its growing North American and UK client bases, which are crucial markets in the e-commerce ecosystem. The London office was specifically opened to respond to the escalating demand in the UK and EMEA regions, helping merchants navigate complex and diverse payment environments.

These expansions underscore Justt's commitment to delivering customized solutions across various industries and regions, priming the company for continued growth as it plans to penetrate lucrative markets in LATAM and APAC.

About Justt

Founded in 2020, Justt is heralded as the world’s premier smart chargeback solution, offering personalized responses that improve over time. Their cutting-edge system leverages AI to automate and customize arguments for disputes regardless of volume or intricacy. Unlike traditional template-based solutions, Justt stands alone as the only chargeback solution that evolves and enhances with time, empowering merchants to win more disputes seamlessly. For more information about their innovative platform, visit Justt's website.