Zooz scores investment for smart payments
Payments platform outfit Zooz has closed a $24 million funding round, led by Target Global Ventures. The Israel-based startup, which helps merchants connect with multiple payment providers, will use the cash to develop new products, open new markets and increase its presence in existing ones.
“As the global payments market continues its exponential growth, Zooz is well positioned to play an even larger role,” says Shmuel Chafets, General Partner of Target Global Ventures. “The company’s innovative technology optimises and simplifies the payments process, meeting a crucial industry need that will only increase.”
“We would like to thank our investors for supporting our vision for innovation in the payments sector,” comments Oren Levy, CEO of Zooz. “Retailers now understand the need for smart payment platforms that can help them expand into new markets quickly and cost-effectively, and that is where we excel.”