Zabo, which enables any financial services company to connect to users’ cryptocurrency wallets in a few lines of code, today announced it has raised $2.5 million in new funding.
The round was led by Moonshots Capital with participation from Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory, and others. The investment will be used to expand Zabo’s engineering and grow its customer base.
“Despite being on a path to touch billions of customers and be an asset class measuring in the trillions of dollars, cryptocurrency is very underserved relative to other financial services. This is partly because connecting cryptocurrencies, wallets, and exchanges to the traditional financial system is highly technical and complicated. Zabo solves this by dramatically reducing the complexity. We enable leading financial services companies to swiftly and easily integrate into hundreds of leading cryptocurrency wallets with just a few lines of code.”
– Christopher Brown, Co-Founder at Zabo
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