Brazilian startup IZI raised a $800K round led by Domo VC. IZI will use the funds to invest in growth and to expand its sales and product team. IZI was founded in 2019 as a business intelligence platform for supermarkets and recently launched IZI Cash to provide credit for supermarket suppliers.
“With IZI Cash suppliers will have credit in their account in seconds, at their disposal and will make the wheel of the economy turn more smoothly,” said Humberto Cavalcante, co-founder and CEO of IZI.
IZI wants to impact the entire supermarket chain, especially suppliers that have little access to financial institutions, such as rural producers and agribusiness associations.
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