Claltech, the Israeli investment vehicle for Access Industries, contributed to a round that will support expansion and product development for the payment technology provider.

Israel-based payments platform developer Zooz closed a $24m round yesterday that included Claltech, the local corporate venturing subsidiary of US-based conglomerate Access Industries.

Target Global Ventures led the round, which also featured Fang Fund, iAngels, Kreos Capital, Blumberg Capital, Lool Ventures, Rhodium, XSeed Capital, CampOne Ventures and angel investor Eilon Tirosh.

Zooz has built a tool that can be integrated into a merchant’s infrastructure to optimise transactions conducted in different currencies, helping to ensure international cards are accepted and eliminating…

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