RATE Group | Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider
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Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider

06 Mar Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider

Posted at 14:23h in Cryptocurrency News by

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Crypto software firm Zabo, which claims it can connect bank accounts directly to cryptocurrency wallets, raised $2.5 million to build out its engineering team and add new customers.

The Dallas-based firm announced Thursday it had successfully completed a funding round, with participation from Castle Island Ventures, the Tezos Foundation, CoinShares and Digital Currency Group. The round was led by Moonshots Capital, an early-stage investor that has backed the Slack messaging platform in the past.

Zabo says it can connect bank accounts to crypto wallets using just a few lines of code.

Zabo will use the funding to enhance its engineering capabilities as well as grow its customer base, according to a press release. The company claims its technology is already being used or trialed in a series of applications, including personal finance management tools, decentralized finance platforms and even tax software.

Moonshots Capital general partner Craig Cummings said in a statement that Zabo had…

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