- Lyzi’s solution was created after two years of meticulous research and testing, and it is based on the Tezos blockchain.
- Lyzi offers buyers and merchants payment flexibility by directly addressing the growing demand for cryptocurrency payment options in both retail and e-commerce environments.
The successful completion of a €1.3 million seed funding round was announced today by Lyzi, the cryptocurrency payment hub that links Web3 users with leading brands. Several prominent investors took part in the round, including Jean-Luc Bernard, founder of Astek, a French IT firm with operations in 26 countries, and Christopher Grilhault des Fontaines of NYX Venture in Singapore. As Lyzi is ready to launch its services in across European nations later this year, the funds obtained during the round will be used to further grow its workforce and speed up the development of its technologies.
Lyzi’s solution was created after two years of meticulous research and testing, and it is based on the Tezos blockchain, which is known for its great performance and energy efficiency. Lyzi offers buyers and merchants payment flexibility by directly addressing the growing demand for cryptocurrency payment options in both retail and e-commerce environments. This allows cryptocurrency holders to pay in the currency that best suits their needs, while merchants can collect cryptocurrency and receive fiat directly into their bank account without having to worry about volatility. By providing a smooth experience, the platform has already partnered with well-known companies and connected with over 350 cryptocurrency wallets globally, putting it in the front of the revolution in crypto-to-fiat payments.
Lyzi’s CEO and co-founder, Damien Patureaux stated:
“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. By integrating Lyzi, businesses can ensure that they’re attractive to customers who wish to pay in crypto while also seamlessly capitalizing on the booming digital asset market with an innovative and secure solution.”
The market for crypto payments is expanding quickly; in France, cryptocurrency ownership is expected to rise from 12% in 2024 to 18% in 2024. By 2027, there will be more than 1 billion cryptocurrency users worldwide, up from 580 million in 2023.
Through smart interfaces with payment processors and point-of-sale systems, such as Sylq, Yavin, LyfPay, Paxstore and Sunmi Store, and Nepting, Lyzi has already linked 400,000 points of sale. Notable merchant relationships include St. Dupont, LG Auto, Fitness Park, and luxury shop Printemps; additional partnerships will be revealed later this year.
By Q2 2025, the firm plans to debut on the Tezos Layer-2 Etherlink blockchain, which is compatible with EVMs. A suitable enviroment for Lyzi’s solution is created by Tezos’ growing use in the financial industry and Lyzi’s ongoing development of new platform capabilities.
Commenting, Cédric Roche, Head of Business Development at Nomadic Labs, a Paris-based Tezos R&D Hub, said:
“Cryptocurrency really represents the last word in financial freedom and flexibility and Lyzi is changing the game by bringing the power of crypto payments to merchants and customers worldwide. And by building on Tezos they can ensure that users of the platform can avail of rapid settlement and best-in-class security – essential attributes for any modern payment infrastructure.”
Damien Patureaux concluded:
“Our goal is to make accepting payments in crypto so easy that merchants have to ask themselves, “why wouldn’t I do that?”. And since crypto is global we’re really excited to bring our solution to more markets around the world and integrating with Etherlink is the next phase of that journey.”
