Lyzi, the French crypto payments platform, has successfully raised €1.3 million in seed funding, as per the reports shared with Finbold on Tuesday, April 8.
The funding round attracted backers including Christopher Grilhault des Fontaines, Singapore’s NYX Venture, and Jean-Luc Bernard, the founder of global tech consultancy Astek.
Lyzi’s expansion plans
With fresh capital, Lyzi’s has become one step closer to realizing its expansion plans across Europe and speeding up the development of its core platform built on Tezos (XTZ).
Damien Patureaux, chief executive officer (CEO) and co-founder of Lyzi, described the funding round as a significant milestone in the company’s mission to bring crypto closer to traditional commerce.
Patureaux further added:
“By integrating Lyzi, businesses can ensure that they’re attractive to customers who wish to pay in crypto while also seamlessly capitalizing on the booming digital asset market with an innovative and secure solution.”
Indeed, Lyzi offers a frictionless crypto-to-fiat payment gateway, which allows users to pay in digital assets while merchants themselves receive funds in their local currencies.
The startup has already onboarded over 350 crypto wallets and now connects to 400,000 points of sale thanks to collaborations with payment providers such as Sylq, Yavin, LyfPay, Paxstore, Sunmi Store, and Nepting.
Growing crypto adoption
As the number of crypto users is projected to surpass 1 billion globally by 2027, Lyzi stands to capitalize on the growing demand for crypto solutions in digital commerce.
The company also announced plans to launch on Etherlink, a Tezos Layer-2 (L2) blockchain compatible with the Ethereum (ETH) Virtual Machine (EVM), by Q2 2025.
Cédric Roche, Head of Business Development at Nomadic Labs, Tezos’ research and development hub in Paris, further noted the potential of “rapid settlement and enterprise-grade security” in modern payment infrastructures, underscoring the company’s confidence in its roadmap.
