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Mezzofy Raised USD 2 Million Pre-Series A Funding Round

September 18, 2024MezzofyNews
Funding

Mezzofy Secures USD 2 Million Pre-Series A Funding Round

Mezzofy announced completion of a USD 2 million Pre-series A funding round to support global expansion and product development for web3 capabilities. The funding round was led by Isola Capital's IPVF VII, with additional backing from Ooosh Tech Lab and co-investment from Hong Kong's government ITVF program.

Targeting a USD 29.7 Billion Global Digital Coupon Market

The global digital coupon market is projected to expand at a compound annual growth rate of 18.6%, potentially reaching USD 29.7 billion by 2031, with Asia-Pacific representing the second-largest market segment.

400 Million Coupons Managed Across 15 Markets

Nearly 100 Asian brands—including Maxim's, Starbucks, Shell, and Hyatt—utilize Mezzofy's platform. The Coupon-as-a-Service model enables integration with existing systems via API, reportedly cutting operational costs by over 87%.

Mezzofy manages approximately 400 million digital coupons across 15 markets, representing a cumulative value exceeding USD 5.1 billion.

"The growth of digital payments and e-commerce drives the rise of digital coupons. We addressed this by making digital coupons transferable."

— Dicky Ying, CEO