Vyze

Vyze is the platform providing process of crediting of buyers in shops (POS crediting). The startup does not act as the creditor, his task — to connect sellers with those companies which can offer them the credit. The platform provides simple API solutions for redirection of credit requests. The company was founded in 2008, and as her investors Austin Venture, StarVest Partners and Fathom Capital at different times acted.

History

2019: Mastercard purchased Vyze

In the middle of April, 2019 Mastercard entered the POS crediting market, thanks to acquisition of a financial technical-startup of Vyze which allows shops to sell goods on credit and payment by installments. Financial terms of transaction are not disclosed.

Though Vyze is not a direct creditor, thanks to this service retailers can offer the clients several types of financing from different creditors at a purchase design online or in physical sales points. The service is attractive to sellers as it allows them to cooperate with several creditors on a single platform, and is not less attractive to consumers as different options of installment purchasings increase financing approval probability.

Mastercard purchased the service allowing shops to sell goods on credit and payment by installments

Installment purchasings became fashionable again which use such creditors as Afterpay and Klarna to pay gradually even for rather small purchases, for example, branded clothes, writes the MarketWatch edition.

Acquisition of Vyze service will allow Mastercard to strengthen strategic partnership both with creditors, and with sellers. At the same time the Vyze platform with technologies of payment giant will add already existing payment solutions of the company. By April, 2019 such creditors as AllianceData and Fortiva and also retailers Home Depot and NordicTrack cooperate with Vyze.^[1]

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