Zephry, a company that makes commercial financial intermediars for online payments systems, has raised $25 million in Series A funding led by Accel Partners, an investment arm of Accel Investments, a venture capital firm.
Zephry is a provider of a suite of tools to financial institutions and online payment processors to help them build and manage payment systems for online and mobile commerce.
It also provides financial services to banks and credit unions, as well as financial technology services for online merchants.
Zephrys platform is used by hundreds of millions of merchants worldwide.
The funding was announced on the Zephyrs website.
“Zephyr has been in the financial intermediation business for over two decades, and our goal has always been to deliver products that enable people to make better, more informed financial decisions,” said Michael Wahl, founder and CEO of Zephys.
“We’re thrilled to partner with Accel and Accel’s investors, who share our vision for a more sustainable and inclusive financial industry.
Zethro is building a new financial technology platform that will allow millions of people to better manage their finances.
The Zephy community is already a leader in online payments and we’re looking forward to working with the team at Accel.”
Accel is a venture-backed private equity firm that has invested in some of the most notable start-ups in the finance industry.
Accel Ventures is a part of Acme Ventures.
Zest Ventures, a new venture-led private equity fund that invests in start-up companies, was founded by Acme Venture Partners and Acme Partners.
Zetra Ventures, which was founded and co-founded by Accelerate, has invested $30 million in Accel.
The Zephr, Zephytools and Zephypools financial intermediators were built in collaboration with partners from Accel Ventures.
Accel is also an investor in Zephier, a financial intermediary that provides online merchants with access to banking and payment services.
Zophyr is the second start- up to join the Accel team.
Zym, an online platform that helps merchants manage their online payments, was recently acquired by Accell.
Zetra is a financial technology company that has created payment systems that help banks and other financial institutions manage online payments.
Zempools is a payment processing platform that enables financial intermediations to process online transactions.
Zebyr is a global financial services platform that provides financial and banking services to businesses and consumers worldwide.