Payzer announces Series C financing, expanded emphasis on Payzerware

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Fueled by rapid customer adoption, Charlotte based software company continues to expand

CHARLOTTE, N.C. - Nov. 19, 2018 - TelAve -- Payzer, a fast growing mobile and cloud-based software provider, has closed a $9.2M Series C round of equity capital. Funding was provided by existing investors Route 66 Ventures, Grotech Ventures, IDEA Fund Partners, MetaBank and others as well as by Ferguson Ventures, the Corporate Venture Capital (CVC) and strategic partnering arm of Ferguson Enterprises.

Based in Charlotte, NC, Payzer intends to use the proceeds to increase its focus on delivering market leading software products for HVAC, plumbing, electrical, solar, and other specialty trade markets.

"Payzer is growing rapidly because we're meeting the needs of the contractor," said Joe Giordano, Co-Founder and Chief Executive Officer of Payzer. "Our contractors have come to rely on us for innovative software, reliable payment technologies, and friendly customer service. This additional funding allows us to increase our investments in all three areas."

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"The team at Payzer continues to execute well," said Don Rainey, General Partner at Grotech Ventures. "They take customer success seriously and have demonstrated success with the Payzerware platform. Grotech is pleased to continue our support for Payzer."

"Our goal is to be the leading global financial technology investment firm," said Ben Britt, General Partner at Route 66 Ventures. "Companies like Payzer have everything we're looking for: a great suite of technology products, a terrific team, and a large market opportunity."

"Every investment we make should help our customers succeed in today's ever-changing marketplace," said Kevin Barnes, Vice President and Managing Director of Ferguson Ventures. "Payzer is a great example of a software solution that can help our contractors save time, streamline operations, and grow their profits."

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Payzer provides two software products that help contractors grow and manage their businesses:
  • Payzerware, the company's End-to-End Field Service Management system, enables complete business management, including schedule / dispatch, sales proposals and maintenance agreements.
  • Payzer, the All-in-One Financial Tool, allows contractors to accept payments and offer loans providing the flexibility to offer a full range of payment and financing options for customers and employees — all via their mobile devices.
For more information or to arrange a product demonstration with Payzer, visit www.payzer.com or call 1 866 488 6525.

Source: Payzer

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