Vyze

Austin American-Statesman - - BUSINESS - Con­tact Lori Hawkins at 512912-5955.

on the ta­ble through rejected ap­pli­ca­tions and aban­doned pur­chases. Vyze’s fi­nanc­ing plat­form helps re­tail­ers ex­tend more credit to con­sumers — in­creas­ing sales and im­prov­ing the cus­tomer ex­pe­ri­ence.”

Vyze, which has 45 em­ploy­ees, is cur­rently be­ing used in more than 2,000 stores in the U.S., as well as e-com­merce sites and call cen­ters.

The com­pany gen­er­ates rev­enue by tak­ing a per­cent­age of each com­pleted trans­ac­tion through its ser­vice.

Austin’s ven­ture cap­i­tal fund­ing has been on an up­swing as the year goes along. A to­tal of $330 mil­lion was raised by 43 com­pa­nies dur­ing the quar­ter, ac­cord­ing to a sur­vey by Price­wa­ter­house­Coop­ers and CB In­sights.

That was a 182 per­cent in­crease from the first quar­ter, when 17 Austin-area com­pa­nies re­ceived a com­bined $117 mil­lion.

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