Zabo raises $ 2.5M to connect crypto-wallets to banking services

Digital Currency Group, CoinShares, Tezos Foundation and other players in the ecosystem have invested in Zabo, a startup that prides itself on being able to easily connect Bank accounts traditional to crypto-wallets.

Zabo just announced a $ 2.5 million fundraiser. Directed by Moonshots Capital, the financing round attracted several popular investors from the cryptocurrency industry such as Digital Currency Group, Blockchange Ventures, Castle Island Ventures, CoinShares, the Tezos foundation or Capital Factory.

We allow large financial services companies to integrate quickly and easily into hundreds of leading cryptocurrency portfolios with just a few lines of code, "said Zabo co-founder Christopher Brown in a statement.

Founded last year in Dallas, USA, Zabo has developed an API and technology compatible with a wide range of financial services applications, from digital banking to decentralized finance (DeFi).

We offer financial service companies the tools to create attractive products around the cryptocurrency to serve this new generation of customers, ”added Alex Treece, president of Zabo.