MAZALIT

Company Overview

Snapshot

Founded in August 2016 by Zeev Maimon, Tal Grinberg, and Ben Yaniv Chechik, MAZALIT operates with 1–10 employees. The company has raised $1.2 million across one funding round from 6 investors. In November 2017, MAZALIT secured its Series A funding round.

Business overview

MAZALIT provides a B2B payment platform specifically designed for the global diamond and jewelry industry. Its core technology enables traders to transfer and receive digital funds through a dedicated e-wallet account, facilitating instant transactions via smartphones or computers. The company aims to reduce risk and costs while increasing transparency, security, and legitimacy for regulators and banks within the diamond and jewelry sectors, operating within the Fintech & Insurtech space.

Strategic signal

In July 2019, MAZALIT announced its entry into Series B financing, signaling a strategic move towards further capital infusion to scale its B2B payment platform for the diamond and jewelry industry. This development indicated the company's intent to expand its financial solutions and market reach, attracting investor interest for continued growth.

Company Intelligence Q&A

What is MAZALIT's primary focus?

MAZALIT focuses on providing a B2B payment platform tailored for the global diamond and jewelry industry, enabling digital fund transfers and receipts through e-wallet accounts.

When was MAZALIT founded?

MAZALIT was founded in August 2016 by Zeev Maimon, Tal Grinberg, and Ben Yaniv Chechik.

What was a key strategic development for MAZALIT in 2019?

In July 2019, MAZALIT entered Series B financing, indicating a move to raise additional capital for its operations and expansion within the diamond and jewelry payment sector.

What is the current operational status of MAZALIT?

MAZALIT is currently non-active, having ceased to operate in March 2020.