Zero Hash, a digital assets infrastructure platform that empowers clients to build tools to buy, sell, receive, send, earn and reward digital assets, has collected $35m in its Series C funding round.
Point72 Ventures, a global venture capital firm, acted as the lead investor. Additional commitments came from NYCA Partners, DriveWealth and several angel investors, including Mercury founder and CEO Immad Akhund, Deserve founder and CEO Kalpesh Kapadia, Digit CEO and founder Ethan Bloch and Marqeta founder and CEO Jason Gardner.
Since the start of the year, the FinTech company has doubled its team size and has reached profitability. To continue this momentum, Zero Hash will use the Series C capital to expand its product offering, particularly in the DeFi and NFT space.
Funds will also be put towards hiring more staff in its compliance, marketing, product and engineering divisions. Finally, Zero Hash hopes it can expand its global licensing framework and complete strategic acquisitions.
Zero Hash has built a turnkey solution that enables platforms to launch their own digital assets and experiences.
Its clients include neo banks, such as Moneylion and Wirex, and broker-dealers, including tastyworks and TradeStation.
Point72 Ventures Partner Adam Carson said, “Zero Hash has developed a unique platform to help fintechs and financial institutions seamlessly embed crypto products and experiences into their applications in a flexible and compliant way.
“We believe embedded finance solutions, like Zero Hash’s crypto API platform, will help play an important role in enabling broader adoption of digital assets by allowing consumers to access crypto through the fintech apps and financial services brands they already use and trust.”
Copyright © 2021 FinTech Global