Product development and building partnerships with retailers are at the top of the To-Do List for mobile payment innovator, Zooz, as the company announces the conclusion of a productive round of venture capital funding.
The $2 million in capital from XSeed and others puts Zooz’s total capital raised at $3.5 million. The company raised $1.5 million in seed funding in January 2012.
Zooz’s payment platform is designed to help merchants improve and get more out of the transactions that go through their websites and mobile apps. The company’s solution provides one tap checkout, actionable analytics that provide merchant-specific suggestions, and “device-centric” security and fraud prevention.
Zooz currently has partnerships with companies like MasterCard and First Data, as well as with Finovate alumni like Dwolla, Klarna, and PayPal. Founded in 2010 and headquartered in Israel, Zooz is led by co-founders Oren Levy (CEO) and Ronen Morecki (CTO).
Zooz is one of the companies that will be demonstrating their technology at FinovateSpring in San Francisco in May. To learn more about the event, including information on how to purchase tickets and save your spot, visit our FinovateSpring page here.