ZooZ, a Tel Aviv-based firm that offers an in-app instant payment system, has secured USD2m in a funding round led by XSeed Capital. ZooZ claims that there are an average of 5.08 steps to buying a product online and that its system reduces this to one.
It does this by optimising its screens and making it possible to purchase items using stored payment methods with a single push of a button. This, ZooZ claims, increases the chance of a customer completing a successful purchase. The money will be used to develop the product and to establish itself in the market.
ZooZ is adamant about the fact that it has built its solution with security and fraud detection in mind. All sensitive data is stored in a PCI-compliant cloud environment.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.