Grotech Ventures and Route 66 lead $4.2M Series A investment in Payzer
CHARLOTTE, N.C., April 30, 2015 /PRNewswire/ — Payzer, a mobile and cloud based financial technology platform, today announced a $4.2M Series A financing round led by Grotech Ventures and Route 66 Ventures. The investment will allow the company to accelerate its sales and marketing growth and to expand its product development team.
Payzer, originally founded as Just Push Pay, is the All-in-One Financial tool that helps fleet based businesses such as contractors grow their business by enabling mobile payments, instant loans via mobile devices, easy management of recurring payments, and simplified customer management.
“There’s a lot to be excited about at Payzer,” said Joe Giordano, Payzer CEO and Founder. “We’ve built a strong team, our product is proven to deliver real value, and we’re acquiring customers rapidly. Now, we’ve also got great investors. Grotech and Route 66 have complementary backgrounds that will help us manage growth wisely and build a winning strategy in the payments and fintech markets.”
“Grotech invests in companies with strong founding teams and significant opportunities for success in large, high-growth markets,” said Grotech Ventures’ General Partner Don Rainey. “We believe that Payzer is at a pivotal point in its growth trajectory, and are excited about the momentum the company has experienced so far.”