Lyzi Raises $1.4M to Expand Tezos-Based Cryptocurrency Payments Service for Retail and E-Commerce

Lyzi Raises $1.4M to Expand Tezos-Based Crypto Payments Service to Retail Sector

The funding round included participation from business angels Christopher Grillot de Fontaine, founder of Dfns, and Jean-Luc Bernard, founder of Astek.

Jamie Crowley | Edited by Sheldon Rebeck April 8, 2025, 12:00 PM

What is important to know:

• Cryptocurrency payment hub Lyzi has raised $1.42 million in a seed funding round to expand the development of its platform.
• Powered by the Tezos Layer 1 blockchain, Lyzi allows users to pay with cryptocurrency for everyday retail purchases and online transactions.
• The next step for Lyzi will be to launch on Tezos' Etherlink layer 2, which will be compatible with the Ethereum Virtual Machine.

Tezos-based cryptocurrency payment hub Lyzi has announced it has raised €1.3 million ($1.4 million) in a seed funding round to ramp up development of its platform.

Angel investors Christopher Grillot de Fontaine, founder of Dfns, and Jean-Luc Bernard, founder of Astek, participated in the round, according to an email sent to CoinDesk on Tuesday.

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Lyzi, which runs on the Tezos layer-1 blockchain, allows users to use cryptocurrency for everyday retail and e-commerce transactions. Merchants accept cryptocurrency payments and receive fiat money directly into their bank accounts.

Once the fundraising is complete, the next step for Lyzi will be to launch Etherlink on the Tezos Layer-2 platform, which will be compatible with the Ethereum Virtual Machine (EVM), the operating system of the world's second-largest blockchain.

“Our goal is to make the process of accepting cryptocurrency payments so simple that merchants ask themselves, ‘Why wouldn’t I do this? ’” CEO Damien Patureau said on Tuesday.

According to him, the development of Etherlink is the next step in the company's expansion into new markets around the globe.

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