Vyze provides a cloud-based multi-lender platform that lets retailers offer customers multiple credit options—including branded store credit cards, installment loans, and lease-to-own—through a single integration. The company is live in more than 2,000 stores across the U.S., as well as on leading eCommerce sites and call centers. Over the past 12 months Vyze more than doubled its retail client base and increased finance volume through its platform by 700%. Vyze says its platform boosts consumer approval rates to upwards of 80%, addressing high rejection rates seen in traditional retail financing. The company plans to use new capital to accelerate growth, fuel product innovation, and expand its lender partnerships. Vyze positions itself as an optimization layer between retailers and a broad lending supply to reduce abandoned sales and increase conversion. Vyze is an Austin, Texas-based technology provider of financing solutions at the point of sale. Led by CEO Keith Nealon, the company provides cloud-based financial technology combining lending supply, technology, and support to allow enterprises to deliver satisfying financing experiences for their customers, wherever and whenever they shop. Vyze's platform is positioned to integrate lending supply and technology to enable point-of-sale financing across channels. The company raised an additional $13m in Series B funding in this round. The round was led by Austin Ventures and StarVest Partners, bringing Vyze's total funding to $35m to date. Vyze intends to use the new funds to add a Tier 1 data center and to further invest in its sales and marketing efforts. NewComLink builds a technology platform for retail credit that improves consumers' access to financing at the point of need and brings new efficiencies to financing. Co-founded in 2008 by Suneet Paul and Jim White, the company has filed numerous patents, signed key customers, and developed an extensive partner network. The firm reports having signed dozens of retailers and lenders as it positions itself as an alternative to legacy payment and lending solutions. NewComLink is based in Austin, Texas and is privately held with venture capital funding from Austin Ventures and StarVest Partners. The company announced a $10 million Series B to support aggressive growth as retailers and lenders continue to embrace its platform. Leadership points to the founders' experience scaling finance businesses as underpinning the company's go-to-market strategy.

Total raised

$36M

Funding rounds

3

Latest round

Series C

Latest activity

Aug 2017