ZooZ Nets $2 Million in New Financing
April 25, 2013
ZooZ, a San Francisco-based startup providing in-app payments, this week said it has secured $2 million in financing from XSeed Capital. Previous investors lool ventures and Rhodium also participated in the latest round. The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
“Our ability to close a robust Series A round in an increasingly crowded payments market underscores the strength and market potential of our approach,” said Oren Levy, co-founder and CEO of ZooZ. “By focusing on creating a superior consumer checkout experience that ultimately leads to better conversion for retailers and developers, we’ve been able to clearly differentiate ourselves from the competition while attracting investors, partners and customers alike.”