Charlotte-based Payzer Raises $9.2M from Investors

11/20/18

By Rebecca Ayers, NCBIZNews

Charlotte-based Payzer, a mobile and cloud-based software provider, has raised $9.2 million in Series C round of equity capital according to a press release on Monday.

The company raised the money from over five investors.

Payzer’s investors include Route 66 Ventures, Grotech Ventures, IDEA Fund Partners, Metabank and Ferguson Ventures.

The company will use the funds raised to deliver software products for HVAC, plumbing, electrical, solar and other markets.

“Payzer is growing rapidly because we’re meeting the needs of the contractor,” said Joe Giordano, Payzer’s co-founder and chief executive officer. “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.”

The company provides two software products, Payzerware and the All-in-One Financial Tool. Payzerware is the company’s end-to-end field service management system that helps with business management.

Payzer’s All-in-One Financial Tool allows contractors to offer a flexible range of payment options for the customer via mobile devices.

Giordano received his MBA in business from George Washington University’s School of Business and his BBA at James Madison University. Before founding Payzer he worked with Bank of America and served as payment strategy and development executive.

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