Zooz operates a payments platform that lets merchants connect with multiple financial institutions, integrate acquirers, e-wallets alternative payment methods, fraud management and other third-party services, and intelligently route transactions. The company also offers an Insights product that provides intelligent analysis based on customer transactional data. Led by CEO Oren Levy, Zooz aims to use recent funding to accelerate growth, develop new products, and expand into new and existing markets. The business maintains R&D facilities in Tel Aviv and additional offices in London, Berlin and San Francisco. The article does not disclose revenue or user metrics. The company positions itself as a payments orchestration and analytics provider for merchants. Zooz is a smart payment engine that enables enterprise-class retailers and businesses to optimize payments performance by increasing payment flexibility through connectivity to a network of acquirers and payment methods. The company's payment solution complies with industry security and data protection requirements, including maintaining level 1 PCI compliance. Zooz serves thousands of retail customers worldwide and partners with payment gateways, processors and e-wallets. Founded in 2010 and led by CEO Oren Levy, the company operates from New York and Ra'anana, Israel. Following its $12M funding round, Zooz intends to use the proceeds to continue creating innovative technology, scale operations and open new offices. Blumberg Capital's partner Alon Lifshitz will join the company's board. ZooZ is a consumer-focused payments platform that aims to improve mobile checkout conversion while emphasizing security and fraud prevention. The company provides an in-app SDK with support for iOS, Android and HTML5 and has partnered with MobiCart to reach 10,000 merchants. ZooZ plans to use its Series A proceeds to add product functionality, increase traction with retailers, solidify partnerships, and build a global presence. The startup was founded in 2010 and is currently based in Israel, with plans to split operations and relocate some staff to a U.S. office. Financially, ZooZ closed a $2M Series A and has now raised $3.5M in total. The team includes co-founder and CTO Ronen Morecki, formerly VP of R&D at VeriSign, underscoring its focus on security. ZooZ offers a comprehensive end-to-end payment solution that lets mobile app developers integrate digital payment and checkout options into Android and iOS apps via an SDK. The company says integration requires only a couple lines of code and minimal development time while delivering the tools necessary to accept in-app payments. ZooZ emphasizes security and fraud detection, storing all sensitive data in a PCI-compliant cloud environment. The platform is being rolled out in an initial six-month beta during which the service is free; after this period ZooZ will charge a nominal processing fee. ZooZ was founded in 2010 by CEO Oren Levy and CTO Ronen Morecki and is based in Israel. Financially, the company has completed a $1.5 million seed financing as reported.

Total raised

$40M

Funding rounds

4

Latest round

Series C

Latest activity

May 2016