Zabo raises $2.5M to connect cryptocurrency accounts to banks, brokerage firms, FinTech …

DALLAS, March 5, 2020 /PRNewswire/ — Zabo, which enables any financial services company to connect to their customers’ 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.

“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…