Vyze, an Austin, TX – based provider of cloud financial technology solutions for retailers, closed a $13.1 Series C financing.
The round was led by Austin Ventures with participation from Fathom Capital and Starvest Partners. In conjunction with the funding, Ken DeAngelis, Co-Founder and General Partner at Austin Ventures, joined Vyze’s Board of Directors.
The company intends to use the funds to accelerate growth and accelerate product innovation and expansion.
Led by Keith Nealon, CEO, Vyze provides retailers with a cloud-based multi-lender platform to connect more consumers with more credit options at checkout. Over the past 12 months, the company has more than doubled its retail client base and increased the finance volume through its platform by 700%, has continued to sign new partnerships with lenders to provide diverse financing options for consumers, ranging from branded store credit cards to installment loans to lease-to-own.
Vyze is currently live in more than 2,000 stores throughout the U.S., in addition to leading eCommerce sites and call centers.