Tezos-based crypto payment hub Lyzi raises €1.3M seed funding to expand platform

Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform.

Tezos-based crypto payment hub Lyzi said on Tuesday it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform.

The stellar round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek.

It will also enable Lyzi to launch on Tezos’ layer-2, Etherlink, which is compatible with Ethereum Virtual Machine (EVM), the operating system of the world’s second-largest blockchain.

The move marks the next step in Lyzi’s journey to expand to more markets around the world.

“Our goal is to make accepting payments in crypto so easy that merchants have to ask themselves, ‘Why wouldn’t I do that?’” said Lyzi CEO Damien Patureaux.

Lyzi, which is currently present in France, allows consumers to use cryptocurrency to make everyday payments in retail and e-commerce environments. Merchants collect payments in cryptocurrency and receive fiat directly to their bank accounts.