FLIZpay Raises $1M Pre-Seed to Eliminate Payment Fees for Businesses

FLIZpay has secured $1,000,000 in a recent funding round, marking a significant milestone for the payment technology company. This capital infusion is set to support FLIZpay's continued growth and its mission to redefine payment processing for businesses and consumers. The company distinguishes itself by offering what it describes as the first free payment method. This system aims to eliminate the often-expensive transaction fees that businesses typically incur, while simultaneously rewarding consumers with cashback savings. FLIZpay’s core objective is to reduce "socialized payment costs," referring to the hidden fees that can range from 1-7% or more of transaction values, which are ultimately passed on to consumers. Over 250 companies currently utilize FLIZpay's services. This new investment will enable FLIZpay to accelerate its strategic growth initiatives. The company plans to use the funds to scale its operational infrastructure, enhance its product development efforts, and expand its market reach. By strengthening its platform and broadening its user base, FLIZpay aims to further its impact on the payment industry. The funding round underscores investor confidence in FLIZpay's innovative model and its potential to disrupt traditional payment systems. With this capital, FLIZpay is well-positioned to continue its efforts in making payment solutions more equitable and cost-effective, driving towards a future where transaction fees are no longer a hidden burden for businesses or consumers.