Zooz

Company Overview

Snapshot

Founded in July 2010 by Ronen Morecki, Eyal Kotler, and Oren Levy, Zooz operated with 51–200 employees. The company raised $39.5M across 4 funding rounds from 21 investors. In July 2018, Zooz was acquired by PayU.

Business overview

Zooz developed a data-driven payment platform designed to consolidate and analyze payment data for merchants. This technology provides valuable insights to personalize customer experiences both online and in-store. The platform offers flexibility by connecting with multiple financial institutions, integrating various payment methods, and intelligently routing transactions to optimize the payment process. Zooz's solutions help businesses expand their reach, reduce decline rates, and increase revenues within the Fintech & Insurtech sector, serving markets such as Japan and the United States.

Strategic signal

In September 2019, Visa partnered with Zooz, indicating continued strategic interest in the company's underlying technology and market position even after its acquisition. This collaboration highlights the enduring value of Zooz's payment platform within the broader fintech ecosystem, suggesting its technology remains relevant for major financial players seeking innovation in payment processing.

Company Intelligence Q&A

When was Zooz acquired?

Zooz was acquired by PayU in July 2018.

What was the last disclosed funding round for Zooz?

Investors included XSeed Capital and Target Global.

What was a significant product launch by Zooz?

In May 2018, Zooz launched its new platform, PaymentsOS, which aimed to provide a unified API for payment providers, enabling merchants to easily integrate and manage various payment services.

Did Zooz engage in any notable partnerships?

In September 2019, Visa partnered with Zooz, indicating a strategic collaboration within the fintech space.