Chargezoom raises $10m Series A led by Panoramic Ventures

By Edlyn Cardoza

Chargezoom, a platform for billing and integrated payments, announced it has raised $10 million in Series A funding, led by Panoramic Ventures, with participation from existing investors SaaS Venture Capital and Stout Street Capital. Existing investor Okapi Venture Capital has also increased its position.

“We are grateful to work with investors who share our vision of redefining B2B payments,” said Matt Dubois, CEO of Chargezoom. “We plan to double-down customer-focused development efforts, creating tools that modern businesses need to reduce payment friction and accelerate their growth.”

Chargezoom provides businesses with robust payment tools by integrating with the accounting applications that they use daily. Chargezoom has integrations with the most common accounting platforms, including QuickBooks Desktop, QuickBooks Online, FreshDesk, and Xero. Chargezoom’s tools allow businesses of all sizes to collect payments faster with full GAAP compliance and eliminate manual accounting tasks.

Chargezoom has signed agreements with Fortune 500 payment service providers and entered partnerships with the majority of the top 20 merchant acquirers in the United States who recognise the gap in solutions for their customers who are becoming increasingly sophisticated with their accounting needs. Chargezoom today powers millions of transactions on behalf of banks and payment providers.

“Matt and his outstanding team have led the way in bringing the proven processing capabilities of the major processors, folks like Heartland, North American Bancard, Fiserv, and similar to businesses allowing them to focus on accounting and operations,” said Dan Drechsel, General Partner at Panoramic Ventures. “Chargezoom is the clear leader in eliminating the manual work associated with credit card payment acceptance and billing.”