TLDR:
– Grazzy, a digital payments platform for hospitality and service-focused businesses, raised $4M in Seed funding.
– The funding will be used to expand the team, accelerate customer onboarding, and scale partnerships, integrations, and go-to-market strategies.
Granzzy, based in Austin, TX, has secured $4M in seed funding from investors including AZ-VC, In Revenue Capital, Iron Skillet Partners, Tuesday Capital, and Next Coast Ventures. The funding will be used to expand the team, accelerate new customer onboarding, and scale partnerships, integrations, and go-to-market strategies to support the company’s exponential growth.
Founded by Russell Lemmer, Grazzy’s digital payments platform aims to improve financial wellness for hourly employees in hospitality and service industries, reducing retention and recruiting costs for businesses. The platform offers features such as digital tipping, instant disbursements, and inclusive banking solutions for businesses of all sizes. The latest funding will support new customer acquisition, feature development, and ecosystem partner integrations to further accelerate Grazzy’s growth.
