May 27, 2020

Zabo – $2.5 Million

Dallas, TX ; 03/06/2020

Amount Funded: $2.5 Million

Type: Seed

Lead Investor: Moonshots Capital

Participating Investor(s): Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory, other investors

Total Funding to Date: $2.5 million

Company Description: Zabo¬†enables any financial services company to connect to their customers’ crypto wallets in a few lines of code. Zabo’s API allows financial services companies to do a single integration to connect to the thousands of exchanges, wallets and cryptocurrencies required to power the next generation of financial products and services.

What funding will be used for: expand engineering, grow its customer base.

Quotes:

“Cryptocurrency is quickly becoming a mainstream asset class. Unfortunately, FinTechs, banks and brokerage firms have been very challenged to provide services, in part because their current technology doesn’t support cryptocurrency. This comes at a time when the next generation of customers, who prefer to own cryptocurrency more than shares in stocks like Disney and Netflix, are in the process of selecting their primary financial institutions. Zabo gives financial services companies the tools to build compelling products around cryptocurrency in order to serve this new generation of customers.”

-Alex Treece, co-founder/president, Zabo

Notes:-

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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