The company intends to use the proceeds from the facility to launch new SaaS and transactional products.
Led by Joe Giordano, co-founder and chief executive officer, Payzer provides contractors with a platform to grow and manage their businesses by close sales and collect payments in the field. Via the company’s solution, users can accept and manage payments and customer profiles as well as make instant loans—all via their mobile devices.
The platform provides the tools contractors need to offer a full range of payment and financing options for their customers and employees. It allows them to accept credit cards, debit cards, and electronic checks in the field or at the home office with real-time tracking across their organization, provide instant financing up to $55k using a mobile phone, tablet, or PC and control purchases by giving employees Visa Debit Purchasing Cards.
The company currently has 31 employees.