Chargezoom, an Irvine, CA-based leading platform for billing and integrated payments, announced it has raised $10 million in Series A funding.
The round was led by Panoramic Ventures, with participation from existing investors SaaS Venture Capital and Stout Street Capital. Existing investor Okapi Venture Capital has also increased its position.
With this latest round, Chargezoom will double down on product expansion and continue to attract top talent with plans to double staff size by the end of 2022.
Chargezoom has signed agreements with Fortune 500 payment service providers and entered partnerships with the majority of the top 20 merchant acquirers in the United States who recognize the gap in solutions for their customers who are becoming increasingly sophisticated with their accounting needs. Chargezoom today powers millions of transactions on behalf of banks and payment providers.
Company: Chargezoom, Inc.
Round: Series A
Funding Month: September 2022
Lead Investors: Panoramic Ventures
Additional Investors: SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital
Company Website: https://chargezoom.com/
Software Category: B2B invoicing and payments platform
About the Company: Chargezoom is a leading B2B invoicing and payments platform with a patent-pending integration to QuickBooks, FreshBooks, and Xero. Its platform is redefining B2B billing and payments, saving businesses time and money. Chargezoom provides businesses with robust payment tools by integrating with the accounting applications that they use on a daily basis. Chargezoom has integrations with the most common accounting platforms, including QuickBooks Desktop, QuickBooks Online, FreshDesk, and Xero. Chargezoom's tools allow businesses of all sizes to collect payments faster with full GAAP compliance, and eliminate manual accounting tasks. Chargezoom is the partner of choice for Fortune 500 payment service providers and the majority of the top 20 merchant acquirers in the United States. Today, Chargezoom powers millions of transactions directly and through white-labeled solutions from its partners.