London-based Zeal, which helps payment service providers turn existing terminals into a platform for loyalty, analytics, and third-party services, has secured $14.0M in new funding. The company aims to provide customer intelligence at the physical point of sale, transforming terminals from mere infrastructure into a distribution channel.
This capital infusion, backed by investors including Raed Ventures, Pinnacle Capital, and Cur8 Capital, will support Zeal's mission to build data infrastructure for offline payment transactions, helping merchants reduce churn and acquire new customers without needing new hardware.
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