The company's payment solution enables mobile app developers to integrate digital payment and checkout options into their Android or iOS applications.
Mobile payment application developer ZooZ Ltd. has raised $1.5 million, "TechCrunch" reports. Lool Ventures led the round, and was joined by Rhodium Ventures, Kima Ventures, Orefa Investment, Jaina Capital, AM Holdings and private investors Eilon Tirosh and Yuval Tal.
ZooZ CEO Oren Levy and CTO Ronen Morecki founded the company in 2010. The company's payment solution enables mobile app developers to easily integrate digital payment and checkout options into their Android or iOS applications. The company claims that its solution requires only a couple lines of code and minimal development time, but still provides everything necessary for app developers to start accepting in-app payments from end users.
ZooZ is now rolling out a six-month beta phase, during which the service will be free. Afterwards, the company will charge a nominal fee for processing payments.
Published by Globes [online], Israel business news - www.globes-online.com - on November 17, 2011
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