A Dallas-based company seeks to bring Bitcoin to the masses with a programming interface that can link cryptocurrencies with traditional finance.
Zabo has just completed a $ 2.5 million round. The startup targets banks and traditional financial services by allowing companies to connect to users’ cryptocurrency wallets with just a few lines of code.
Zabo’s team said their goal was to integrate cryptography into traditional financial services.
The financing cycle was led by venture capitalist Moonshots Capital. Several heavyweights in the crypto and blockchain industry participated in the fundraising, including Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation and Capital Factory.
Says Christopher Brown, co-founder of Zabo,
“Although it is on the verge of reaching billions of customers and being an asset class measuring thousands of billions of dollars, cryptocurrency is very underserved compared to other financial services. This is partly due to the fact that connecting cryptocurrencies, wallets and exchanges to the traditional financial system is very technical and complicated. Zabo solves this problem by significantly reducing complexity. We allow major financial services companies to integrate quickly and easily into hundreds of leading cryptocurrency portfolios with just a few lines of code. “
Zabo was launched in September 2019 to connect the fragmented space of crypto wallets, accounts and protocols. Last year, it launched Papercrypto, a risk-free crypto wallet simulation to help beginners “demystify, deriscover and devour cryptoconfusion”.
The Dallas-based startup says it is working to rethink the current financial infrastructure by cooperating with teams of developers in a full range of industries.
Zabo use case
- Personal financial monitoring
- Investments
- Digital banking
- Tax software
- Decentralized finance (DeFi)
- Awards
- Cryptocurrency exchanges
- Insurance
- Identity
The company lists integrations with 14 main cryptocurrency exchanges: Binance, Bittrex, Bitfinex, BitMEX, Bitstamp, Coinbase, Gemini, HitBTC, Huobi, Kraken, Kucoin, Liquid, OKEx and Poloniex.
Zabo plans to use this investment to expand its engineering and expand its customer base.
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors must exercise due diligence before investing in high risk Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / mervas
A Dallas-based company seeks to bring Bitcoin to the masses with a programming interface that can link cryptocurrencies with traditional finance.
Zabo has just completed a $ 2.5 million round. The startup targets banks and traditional financial services by allowing companies to connect to users’ cryptocurrency wallets with just a few lines of code.
Zabo’s team said their goal was to integrate cryptography into traditional financial services.
The financing cycle was led by venture capitalist Moonshots Capital. Several heavyweights in the crypto and blockchain industry participated in the fundraising, including Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation and Capital Factory.
Says Christopher Brown, co-founder of Zabo,
“Although it is on the verge of reaching billions of customers and being an asset class measuring thousands of billions of dollars, cryptocurrency is very underserved compared to other financial services. This is partly due to the fact that connecting cryptocurrencies, wallets and exchanges to the traditional financial system is very technical and complicated. Zabo solves this problem by significantly reducing complexity. We allow major financial services companies to integrate quickly and easily into hundreds of leading cryptocurrency portfolios with just a few lines of code. “
Zabo was launched in September 2019 to connect the fragmented space of crypto wallets, accounts and protocols. Last year, it launched Papercrypto, a risk-free crypto wallet simulation to help beginners “demystify, deriscover and devour cryptoconfusion”.
The Dallas-based startup says it is working to rethink the current financial infrastructure by cooperating with teams of developers in a full range of industries.
Zabo use case
- Personal financial monitoring
- Investments
- Digital banking
- Tax software
- Decentralized finance (DeFi)
- Awards
- Cryptocurrency exchanges
- Insurance
- Identity
The company lists integrations with 14 main cryptocurrency exchanges: Binance, Bittrex, Bitfinex, BitMEX, Bitstamp, Coinbase, Gemini, HitBTC, Huobi, Kraken, Kucoin, Liquid, OKEx and Poloniex.
Zabo plans to use this investment to expand its engineering and expand its customer base.
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors must exercise due diligence before investing in high risk Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / mervas