# Fizen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fizen

- Industry: Software
- Headquarters: Lodz, Poland
- Website: www.fizen.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Aug 17, 2022)
- Investors on record: 2

## About

Fizen is a financial technology company specializing in innovative payment solutions that enhance transaction efficiency and security for businesses across Central and Eastern Europe.Fizen, founded in 2021 in Lodz, Poland, provides advanced financial solutions facilitating seamless payment processing. In August 2022, Fizen successfully raised EUR 530,000 in Seed funding from LT Capital and individual investors, marking their first major funding initiative. The company has focused on expanding its services within the region and enhancing its technology to better serve its clients. The founder's background includes previous entrepreneurial ventures, although specific details are not available.Fizen offers a comprehensive suite of financial solutions that integrate traditional banking systems with advanced digital finance technologies. The core products include a robust payment gateway, Delayed Payment Solutions, Bulk Payments Solution, and Single Payment Solution. These offerings facilitate various transaction types, from recurring payments to one-time transactions, ensuring businesses can manage financial operations efficiently. The company targets a diverse client base, including small to medium-sized enterprises, larger corporations, and financial institutions across Central and Eastern Europe, specifically in seven countries. By leveraging open banking technologies and Account Information Services, Fizen addresses the need for secure, efficient, and intelligent payment solutions that enhance financial planning and operational agility for its users.Fizen generates revenue through transactional fees associated with its payment gateway and various payment solutions, allowing businesses to streamline their financial processes. The structure involves both B2B and direct-to-consumer transactions, where clients pay for services related to payment processing and account information access. Partnerships with financial institutions and service providers enhance Fizen's market reach and service offerings. The pricing plans are tailored to the needs of businesses, incorporating fees for transaction volume or subscription-based models for access to advanced features. Key products contributing to revenue include the All-in-One Payment Gateway and Delayed Payment Solutions, which cater to businesses seeking to optimize their payment operations.In August 2022, Fizen raised EUR 530,000 in Seed funding from LT Capital and Perpetuum Inc. Individual investors also participated in the round. The company plans to utilize this funding to expand its business into other countries, enhancing its service offerings and client accessibility. Specific target markets for this expansion are yet to be detailed, but the focus will remain on Central and Eastern Europe, aiming for growth in strategic regions by 2023.

## Funding rounds

- Seed, Aug 17, 2022, $0.5M — LT Capital, Perpetuum

## Investors

- LT Capital — Seed
- Perpetuum — Seed