RATE Group | Crypto Software Firm Zabo Raises $2.5M in a Seed Round
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Crypto Software Firm Zabo Raises $2.5M in a Seed Round

05 Mar Crypto Software Firm Zabo Raises $2.5M in a Seed Round

Posted at 23:06h in Cryptocurrency News by

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Zabo has announced it has raised $ 2.5 million in seed funding, allowing it to extend its portfolio of services to continue connecting its customers’ cryptocurrency wallets to banks, brokerage firms, FinTech apps, and tax software.

As detailed in a March 5 blog post, the seed round was led by Moonshots Capital and included funding from Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory, among others.

Bolstering connections with mainstream financial services

Zabo’s technology is used in a wide variety of financial services applications, both centralized and decentralized, and with this announcement, they expect to grow their customer base.

Christopher Brown, Zabo’s co-founder, gave his input on cryptocurrencies’ relationship with financial services:

“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…

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