Falfurrias Capital Partners, a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, has invested in Chargeback Gurus, a provider of chargeback prevention and recovery services for eCommerce and card not present businesses.
“Especially amidst e-commerce trends and growing sophistication of fraudulent schemes, we identified CBG’s data-intensive expertise as the ideal platform to build upon our fraud & credit risk analytics thesis,” said Joe Price, Falfurrias Capital Partners. “CBG demonstrates how a third-party service can meaningfully mitigate risk associated with fraud.”
“The CBG team has capitalized on a gap in the market and is continuously optimizing their offering to deliver comprehensive chargeback solutions for clients,” said Wilson Sullivan, Falfurrias Capital Partners. “Chargeback Gurus is well-positioned today to continue its significant growth, and we’re thrilled to partner with Srii, Suresh, and team.”
“Our partnership with FCP will allow us to develop software efficiencies, augment our solutions, and ultimately help more clients fight, prevent, and recover chargebacks with seamless and secure integration.” said Srii Srinivasan, Chargeback Gurus founder and CEO. “We’ll continue to provide our industry-leading combination of machine intelligence and human expertise to help clients navigate the root causes and complications of fraud and chargebacks.” As part of the transaction, Leonis Partners served as the financial advisor to Chargeback Gurus.