Lyzi’s Crypto Conquest: €1.3M Secured! 🚀

Lyzi, that crypto payment hub thingy that introduces brands to the Web3 audience—because apparently, regular audiences are so last century—has announced the successful completion of its seed funding round. Fresh funds will be utilized to support the company’s expansion roadmap, including launching in more EU countries this year. Because, you know, Europe needs more crypto. 🌍

Tezos-based Lyzi secures €1.3 million in seed funding

Lyzi, a new-gen blockchain firm—because old-gen blockchain firms are, like, totally obsolete—focused on enhancing crypto-to-fiat payments infrastructure at a global scale, shared the details of its latest funding campaign. A total of €1.3 million was raised in seed funding from a clutch of high-reputed VCs, the team’s statement says. One point three million! That’s, like, a lot of cups of coffee. ☕

Among other blue-chip VCs—which sounds vaguely like a poker game for wealthy investors—the round yielded contributions from Christopher Grilhault des Fontaines, NYX Venture in Singapore and Jean-Luc Bernard, founder of Astek, a French Tech company with a global presence in 26 countries. Because if you’re going to conquer the world, you might as well do it with crypto. 💰

Lyzi’s CEO and cofounder Damien Patureaux expects fresh funding to help his team offset the gap between fiat and crypto payments for retail businesses:

This funding marks a significant milestone in our mission to bridge the gap between cryptocurrency and traditional commerce. People expect to be able to pay in the manner that best fits their needs and lifestyle. Accepting payment in crypto is also gaining in popularity among merchants, both in-store and online, thanks to advantages such as rapid settlement and crypto’s ability to streamline access to global customers.

Funds raised during the round will be used to accelerate the development of Lyzi’s technology and further expand its team as the company prepares to bring its services to more countries across Europe later this year. Because apparently, Europe wasn’t confusing enough already. 🤷

Built on the high-performance and energy-efficient Tezos blockchain, Lyzi’s solution was developed over two years of intensive research and testing. Two whole years! One can only imagine the amount of coffee consumed during that period. ☕☕

By directly addressing the growing demand for cryptocurrency payment options in both retail and e-commerce environments, Lyzi provides buyers and merchants with payment flexibility, allowing holders of cryptocurrency to pay in the currency that best suits them, while merchants collect in cryptocurrency and receive fiat directly into their bank account, without the risk of volatility. Because who needs stability when you can have crypto? 🤪

400,000 points of sale already connected by Lyzi 

Lyzi has already connected 400,000 points of sale through strategic integrations with payment providers and point-of-sale systems, including Sylq, Yavin, LyfPay, Paxstore, Sunmi Store and Nepting. That’s a lot of connections. It’s almost as if they’re trying to take over the world… one point of sale at a time. 😈

Notable merchant partnerships include luxury retailer Printemps, Fitness Park, St. Dupont and LG Auto, with more to be announced later this year. Because nothing says “luxury” like paying with crypto. Or maybe it does. Who knows? 🤔

The company’s next step is to launch on the EVM-compatible Tezos layer-2 Etherlink blockchain, a move that should be completed by Q2 of 2025. Lyzi’s continued expansion and development of new platform features, coupled with Tezos’ increasing adoption in the financial sector, creates a favorable environment for Lyzi’s solution. In other words, they’re hoping it all works out. Good luck with that. 🤞

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2025-04-08 19:12