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The firm Mezu app raised a $10 million for its anonymous money transfer app, led by mainly Pittsburgh's Draper Triangle Ventures. Kick off Inc., Draper Associates, the North Coast Angel Fund, Ohio Innovation Fund, and also took part. Mezu app main motive is to,“let people give and get money without sharing any personal information.”." The application is easily available at no cost on every IoS and Android.
Mezu currently has 25 employees, headquarters located in Cleveland. Cofounded by Yuval Brisker and Pedro Silva.
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Mezu is a first-of-its-kind cash app dedicated to reducing the pitfalls in the mobile payment space: How would you pay somebody you don't know when you don't have money? What's more, how would you ensure your security and budgetary action in our overexposed, over-hacked social age?
The app understands these privacy, security questions that may arise during the use by customers, it solves the problem by creating a one of a kind, one-time encoded code that enables anybody to trade cash immediately without sharing any individual data. This implies with Mezu, you can pay individuals you know and those you don't.
In the Mezu application, the client enters the amount of cash they need to give in that particular exchange. At that point, Mezu creates a one-time, distinct, four-digit code that the provider shows to the beneficiary of the exchange. The beneficiary at that point enters that code into their Mezu application to get the cash. The supplier can likewise set the code to terminate after a specific measure of time. The supplier doesn't get any contact data about the beneficiary once they utilize the code — only a warning that "you paid $5."
Mezu primary use is to help people send cash to other individuals, but Brisker says that the company is also looking to partner with businesses, nonprofits, and other organizations to make it easier for people to donate.
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