Lyzi Secures €1.3 Million Seed Funding for European Expansion

Lyzi, a French crypto payments platform, has successfully raised €1.3 million in seed funding. This funding round attracted notable backers including Christopher Grilhault des Fontaines, Singapore’s NYX Venture, and Jean-Luc Bernard, the founder of global tech consultancy Astek. The fresh capital will enable Lyzi to advance its expansion plans across Europe and accelerate the development of its core platform, which is built on Tezos (XTZ).

Damien Patureaux, the CEO and co-founder of Lyzi, described the funding round as a significant milestone in the company’s mission to integrate crypto payments with traditional commerce. Patureaux emphasized that by integrating Lyzi, businesses can attract customers who prefer to pay in crypto while also capitalizing on the booming digital asset market with an innovative and secure solution. Lyzi offers a frictionless crypto-to-fiat payment gateway, allowing users to pay in digital assets while merchants receive funds in their local currencies.

The startup has already onboarded over 350 crypto wallets and connects to 400,000 points of sale through collaborations with payment providers such as Sylq, Yavin, LyfPay, Paxstore, Sunmi Store, and Nepting. As the number of crypto users is projected to surpass 1 billion globally by 2027, Lyzi is well-positioned 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, noted the potential of “rapid settlement and enterprise-grade security” in modern payment infrastructures, underscoring the company’s confidence in its roadmap. The successful fundraising by Lyzi highlights the potential of crypto payments platforms to disrupt traditional financial services. As more businesses and consumers adopt cryptocurrencies for transactions, platforms like Lyzi are well-positioned to capitalize on this trend. The €1.3 million in seed funding will provide Lyzi with the resources needed to innovate and scale its operations, potentially leading to increased market share and customer adoption.

The funding round also reflects the broader trend of venture capital flowing into the crypto sector. Investors are increasingly recognizing the potential of blockchain technology and cryptocurrencies to revolutionize various industries, including finance, supply chain management, and digital identity. Lyzi's ability to attract seed funding is a testament to its innovative approach and the confidence investors have in its business model. In summary, Lyzi's €1.3 million seed funding round is a significant development for the company and the broader crypto payments industry. This investment will enable Lyzi to accelerate its growth and development, positioning it as a key player in the rapidly evolving crypto payments landscape. As the adoption of cryptocurrencies continues to grow, platforms like Lyzi are poised to play a crucial role in shaping the future of digital payments.