PHOENIX, AZ, ZayZoon, the leading Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it has raised $15 million in an extension of its Series B financing.
This round extension brings ZayZoon's total Series B funding round to $49.5 million. The round was led by Viola Fintech with participation from Intuit Ventures and existing investors Framework Venture Partners, and Export Development Canada (EDC). This financing will support ZayZoon's continued growth, innovation, and expansion. This dual backing not only validates ZayZoon's innovative approach to the improvement of financial health but also opens up unparalleled opportunities for collaboration and growth.
ZayZoon is the financial empowerment platform for SMBs. With ZayZoon, payday finally comes with the push of a button. It's free for employers and takes only 30 minutes to implement. Employees can use ZayZoon to get paid whenever, however. The platform also offers educational resources and tools to help workers break the paycheck-to-paycheck cycle. And it works. 89% of employees who use ZayZoon report less financial stress and employers who offer ZayZoon boast a 29% reduction in turnover.
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