Zibby, a POS and lease payment solution for retailers, has secured $150 million in financing led by Victory Park Capital. The company has also partnered with companies such as Sears Outlet, GhostBed Mattress, LA-based Curacao and consumer financing solution provider Vyze.
Zibby works to help retailers target non-prime customers who don’t qualify for traditional financing options, offering a risk-free payment option for durable goods. The company has doubled in size in less than a year and made key hires such as installing Tony Lauro as CFO. Lauro recently served as President and CFO of Cognical.
“By bringing on Tony, we are committed to better serve this growing customer base by hiring the absolute best talent,” said Brandon Wright, CEO of Zibby in a statement. “We look forward to tapping into Tony’s impressive background to help lead Zibby through this period of high-growth that will continue throughout 2017.”
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