Viola FinTech, an Israeli VC, led the round, with participation from California’s Intuit Ventures. Existing investors Framework Venture Partners, which is based in Toronto, and Export Development Canada also participated. It brings ZayZoon’s total Series B funding to US$49.5 million. (The Logic)
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Viola FinTech, an Israeli VC, led the round, with participation from California’s Intuit Ventures. Existing investors Framework Venture Partners, which is based in Toronto, and Export Development Canada also participated. It brings ZayZoon’s total Series B funding to US$49.5 million. (The Logic)
Talking point: ZayZoon’s platform lets employees access portions of their wages on demand, rather than making them wait for biweekly or monthly paycheques. Today, large multinationals including McDonald’s and Mazda use the Calgary and Arizona-based firm’s flexible pay software. The latest investment comes just six months after ZayZoon’s first Series B, and the company said it will use the money to continue expanding. “I’ll be honest, I didn’t see this coming so quickly after our Series B round,” ZayZoon co-founder and CEO Darcy Tuer said in a LinkedIn post.
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