Barcelona-Based Kloutit Secures €540K to Advance AI-Powered Chargeback Solutions

Kloutit, a tech startup based in Barcelona, has successfully raised €540,000 in its first funding round. The investment will be directed towards improving its AI-driven Software as a Service (SaaS) platform, designed to streamline chargeback management processes for businesses.

Barcelona-Based Kloutit Secures €540K to Advance AI-Powered Chargeback Solutions
Barcelona-Based Kloutit Secures €540K to Advance AI-Powered Chargeback Solutions

Kloutit, a tech startup based in Barcelona, has successfully raised €540,000 in its first funding round. The investment will be directed towards improving its AI-driven Software as a Service (SaaS) platform, designed to streamline chargeback management processes for businesses.

The funding round was led by Lanai Ventures and BStartup 10, with participation from several industry leaders. Among the notable investors are Luis Osorio Sole, Francesc Lopez, and Raul Moron from Stayforlong, alongside Axel Serena of ByeTravel, Manuel Roca of Atrapalo, Ricardo Fernandez of Destinia, and Daniel Romy, the founder of Simplr. This collective involvement underscores the industry’s confidence in Kloutit's innovative approach to solving chargeback challenges.

Launched only two months ago, Kloutit has already made significant strides in the sector, recovering over €150,000 for its clients. The company claims an impressive 80% success rate in defending cases, positioning its platform as a valuable tool for businesses navigating chargeback disputes.

Speaking about the milestone, Albert Algarra, CEO of Kloutit, stated, “The funding raised so far not only allows us to invest more in technology and customer acquisition, but we have also been able to surround ourselves with investors, whose experience and knowledge can bring a lot to the project with their ideas and feedback.”

The company’s primary offering leverages artificial intelligence to automate the chargeback process, enabling businesses to manage disputes efficiently while mitigating financial losses. Users can upload emails, invoices, or images to generate a tailored defense in “under 30 seconds,” streamlining what is traditionally a time-intensive task.

With the newly secured funding, Kloutit aims to enhance its platform’s capabilities through integrations with payment processors and third-party systems. In addition, the company is working on a proactive chargeback prevention system, employing advanced data analytics to predict and address potential transaction issues before they escalate.

Expressing enthusiasm about the investment, Diego Camilleri, General Partner at Lanai Ventures, remarked, “Kloutit brings together all the ingredients we look for in an investment. Its founding team combines a deep knowledge of the problem, as Albert was responsible for this issue at Stayforlong, and the technological and strategic expertise of Adrian and Alexis, who complete an exceptional team.”

The startup is also planning pilot tests with major online businesses such as ByeTravel and Atrapalo to refine and validate its tools further. These collaborations are expected to support Kloutit’s goal of achieving organic growth and establishing itself as a key player in the chargeback management landscape.

As Kloutit continues its journey, it is poised to introduce transformative solutions in the financial dispute resolution space, paving the way for more efficient and effective chargeback processes for businesses worldwide.