Zooz, a NYC-based payment tech startup, closed $24m in funding.
The round was led by Target Global Ventures, with participation from Fang Fund, iAngels, Kreos Capital and existing investors Blumberg Capital, lool ventures, Rhodium, Claltech (Access Industries’ Israeli tech vehicle), XSeed Capital, CampOne Ventures and angel Eilon Tirosh.
The company will use the funds to accelerate growth, develop new products, open new markets, and increase its presence in existing markets.
Led by Oren Levy, CEO, Zooz provides a payments platform for merchants to connect with multiple financial institutions, integrate acquirers, e-wallets, alternative payment methods, fraud management and other third-party services, and intelligently route transactions through the entire payment process. Merchant customers also benefit from the Insights offering, which provides intelligent analysis based on customer transactional data.
The company has R&D facilities in Tel Aviv, Israel, and affitional offices in London, Berlin and San Francisco.