TEL AVIV, July 16 Zooz, an Israel-based provider
of smart payment technology, said on Wednesday it has closed a
$12 million round of investment, led by Blumberg Capital.
Existing investors including XSeed Capital, Lool Ventures
and Rhodium, as well as new investors Access Industries and Camp
One Ventures, also participated.
The company said it will use the funding to continue
creating technology, expand operations and open new offices.
Zooz, which has thousands of retail customers, enhances the
existing payment infrastructure of retailers, enabling them to
accept payments efficiently and flexibly for competitive rates
both online and in-store. Its technology connects retailers to
multiple payment methods.
When a customer payment is made over Zooz's platform, the
payment details are securely stored so that future payments made
through different channels can be linked to the original user.
This user information provides retailers with insight that can
be used to create personalised shopping experiences and increase
(Reporting by Tova Cohen)