July 17, 2014, 10:31 AM

Checkout and payment technology vendor Zooz raises $12 million

The vendor, which offers one-click checkout across web sites, will use the funding to expand.

Lead Photo

Zooz has raised $12 million in a new investment round. The vendor offers hosted, one-click checkout technology with security and fraud tools built in that adapt across devices.

The 4-year-old company, based in Tel Aviv, Israel, says it will use the funding to further develop its technology and expand operations, including opening new offices.

Venture capital firm Blumberg Capital led the funding round. Blumberg Capital’s has previously invested in Yotpo, which offers ratings and reviews services to e-retailers, and numerous early-stage online payment vendors, including Zip Zap, which enables consumers to pay for online purchases with cash, and Credorax, a payment acquirer for online transactions. Blumberg also recently invested in Israeli payment security firm BioCatch Ltd.

XSeed Capital, lool ventures and Rhodium, all previous investors in Zooz, also participated in the funding round. New investors Access Industries and Camp One Ventures also participated.

Zooz’s technology, with security and fraud tools built in, can be used online and in stores and maintains a record of customer transactions retailers can use to personalize future shopping, Zooz says.

“There is clearly a need for an advanced payment technology that can help businesses stay ahead of their competition through optimization and technology differentiation, and that is where Zooz excels,” says Alon Lifshitz, a partner at Blumberg Capital. 

comments powered by Disqus

Advertisement

Advertisement

Get a Free Subscription to IR

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement