Zavo provides an integrated platform combining AI-powered point-of-sale (POS) and payment processing solutions for businesses. The system streamlines operations by managing orders, reservations, kitchen flow, and back-office finance through a unified interface. It offers modern hardware terminals and intelligent automation to enhance service speed and operational efficiency.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face high transaction fees and delayed payouts when accepting card payments, impacting their profitability and cash flow. Traditional payment systems often involve contracts, monthly fees, and administrative overhead, creating barriers for small businesses and sole traders.
Solution
Zavo is a payment platform designed to provide businesses with lower transaction fees and instant payouts. The platform enables businesses to accept card payments with transaction fees starting at 0.75% and provides immediate access to funds in their bank accounts, eliminating waiting periods. Zavo offers a range of payment acceptance methods, including a mobile app, the Zavo Mini card reader, and the Zavo Pro smart reader, catering to various business needs. The platform operates without contracts or monthly fees, aiming to reduce costs and simplify payment processing for businesses.
Target Audience
Zavo primarily targets small businesses, sole traders, service providers, and businesses in the taxi & transport, food & hospitality, salons & beauty, and clothing & retail sectors.
Features
- Transaction fees starting at 0.75% for in-person transactions.
- Instant payouts to bank accounts, available 24/7, including nights, weekends, and bank holidays.
- Tap-to-Pay functionality on iPhone and Android devices, eliminating the need for additional hardware.
- Zavo Mini: A lightweight and portable card reader that connects to the Zavo mobile app, processing up to 800 payments on a single charge.
- Zavo Pro: An Android-based smart reader with a built-in point-of-sale system for countertop and handheld use.
- Business tools for sending payment links, creating custom invoices, and accessing detailed reporting.
- Optional rewards card that earns free payment processing on purchases, reducing fees to as low as 0.3%.