Fundraising Fox

Quavo

Wilmington, US · 2 known investors

Quavo provides AI-powered dispute automation and chargeback management software, its QFD product, for financial institutions including banks, card issuers, processors, and fintechs. The platform automates the fraud and dispute process from intake through resolution to reduce manual work, improve recovery rates, and maintain regulatory compliance.

AI & Machine LearningFintechSaaS

Founders & leadership

DP
Daniel PenneFounder
JW
Joseph W. McLeanFounder
RJ
Richard JeffersonNamed on SEC filing
TC
Trevor ClarkeNamed on SEC filing
JM
Joseph McLeanNamed on SEC filing

Board

JP
John PhilpottBoard director
JW
Jared WinegradBoard director

Investors · 2

FINTOP CapitalNashville
Spectrum EquityBoston · $25M – $250M

Funding

SEC filings, press & company announcements

$311.6M disclosed across 4 rounds · 2021–2025

▶$2MraisedApr 2023 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel PenneExecutive Officer, Director
  • John PhilpottDirector
  • Richard JeffersonExecutive Officer, Director
  • Trevor ClarkeDirector
  • Jared WinegradDirector
  • Joseph McLeanExecutive Officer
Offering amount
$2M
Amount sold
$2M
First sale
Mar 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3MraisedJul 2022 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel PenneExecutive Officer, Director
  • Trevor ClarkeDirector
  • Richard JeffersonExecutive Officer, Director
  • John PhilpottDirector
  • Jared WinegradDirector
  • Joseph McLeanExecutive Officer
Offering amount
$3M
Amount sold
$3M
First sale
Jul 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$6.6MraisedOct 2021 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • John PhilpottDirector
  • Jared WinegradDirector
  • Joseph McLeanExecutive Officer
  • Richard JeffersonExecutive Officer, Director
  • Daniel PenneExecutive Officer, Director
Offering amount
$6.6M
Amount sold
$6.6M
First sale
Oct 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Quavo secured one of the top US RegTech deals as funding in the country rose by 17% in 2025regtechanalyst.com · Mar 2026Quavo's AI-Powered Platform Grabs $300M To Combat Mounting Financial Fraudfinance.yahoo.com · Aug 2025Dispute management software provider Quavo raises $300m from Spectrum Equityfintechfutures.com · Jul 2025Quavo Secures $300M Growth Investment from Spectrum Equityffnews.com · Jul 2025Quavo raises $300m to scale fraud dispute platformfintech.global · Jul 2025Quavo Raises Multi-Million-Dollar Funding Round From Decathlon Capitalfinsmes.com · Jun 2020

Frequently asked questions

What does Quavo do?
Quavo provides AI-powered dispute automation and chargeback management software, its QFD product, for financial institutions including banks, card issuers, processors, and fintechs. The platform automates the fraud and dispute process from intake through resolution to reduce manual work, improve recovery rates, and maintain regulatory compliance.
Who founded Quavo?
Quavo was founded by Daniel Penne, Joseph W. McLean.
Who are Quavo's investors?
Quavo's investors include FINTOP Capital, Spectrum Equity.
How much funding has Quavo raised?
Quavo has disclosed $311.6M raised across 4 rounds.
Where is Quavo headquartered?
Quavo is headquartered in Wilmington, US.