Midwest investors are all in on Cleveland fintech startup Mezu (www.mezu.com). The company officially launched its mobile payment app this summer after raising a $10M Series A round and quickly drawing attention from investors across the state and region.
Draper Triangle Ventures led the round with participation from JumpStart Inc. and other regional investors, including the Ohio Innovation Fund, North Coast Angel Fund and private investors.
Cleveland fintech startup Mezu officially launched its mobile payment app this summer after raising a $10M Series A round. Different from other payment apps, Mezu gives users a private and secure way to give and get money without sharing any personal information. For more information, visit www.mezu.com
Mezu was founded by serial entrepreneur Yuval Brisker following the massively successful exit of his previous startup, TOA Technologies. TOA was acquired by Oracle Corporation in 2014, in one of the largest venture capital-backed exits in Ohio’s history. Brisker worked at Oracle for two years integrating the company and then quickly turned his efforts to launching Mezu with his co-founder and former TOA employee, Pedro Silva.
Mezu’s Series A fundraising round is a testament to investor confidence in both the idea and the team.
In addition to the peer-to-peer benefits of Mezu, the app is gaining recognition through its unique DropCode feature as a way to give quick, private “flash donations” to causes and charities that users care about.
The company celebrated its launch at the Los Angeles Pride Parade and Festival—where it was the sole fundraising tool used by event organizers—and recently announced new partnerships with the Cleveland Orchestra and The Museum of Contemporary Art Cleveland (MOCA CLE) to give supporters a way to donate instantly through their mobile phones.
MEZU is a mobile payment app that gives you a private and secure way to give and get money without sharing your personal information. Just like cash, with Mezu, you can conveniently pay, tip, earn and donate safely and for free. Because Mezu believes that what you do with your money is your business. Mezu is now available on iOS and Android in the United States. Sign up and learn more: https://www.mezu.com.
JUMPSTART INC. unlocks the full potential of diverse and ambitious entrepreneurs to economically transform entire communities. For more information, visit www.jumpstartinc.org and follow @JumpStartInc on Twitter.