This Israeli startup claims to have solved 2 of the biggest problems facing crypto today
Israeli startup ZenGo aims to open up cryptocurrencies to everyday purchases Idan Ben Tovim / 2 May 2021 • 1 min read
Israeli startup ZenGo recently secured $20 million in Series A funding from Insight Partners (who also recently led an investment in Materials Zone). The round also saw participation from Distributed Global, Austin Rief Ventures, and existing investors Benson Oak Ventures, Samsung Next, Elron, Collider Ventures, FJ Labs, and others.
A keyless credit card
ZenGo develops crypto wallets, which support trade in over 50 different cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, Tezos, and Terra. Now, ZenGo may sound just like every other wallet on the market, but the Israeli company’s wallet is supposed to solve 2 main challenges facing the
Cryptoeconomy: A Tel Aviv, Israel-based crypto mobile wallet raises $20M in Series A funding tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
ZenGo, a Tel Aviv, Israel-based crypto mobile wallet for retail investors, raised $20M in Series A funding.
The round was led by Insight Partners with participation from Distributed Global (in partnership with Temasek Holdings) and Austin Rief Ventures, as well as existing investors Benson Oak Ventures, Samsung Next, Elron, Collider Ventures, FJ Labs, and others.
The company plans to use the funds to expand its set of financial services, including a VISA payment card, and a larger set of choices for on-ramp, off-ramp, trade and savings options. Additional plans include expanded support for assets and chains – currently the wallet supports over 50 assets including Bitcoin, Ethereum, Binance Coin, Tezos, and Terra – and further developing its Keyless Wallet security technology.
ZenGo Closes $20M Series A Round to Build the Ultimate Retail Crypto Wallet
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TEL AVIV, April 27, 2021 /PRNewswire/
ZenGo, the crypto mobile wallet for retail investors, today announced a $20M Series A round led by Insight Partners with participation from Distributed Global (in partnership with Temasek Holdings) and Austin Rief Ventures, as well as existing investors Benson Oak Ventures, Samsung Next, Elron, Collider Ventures, FJ Labs, and others.
ZenGo plans to use the funds to expand its set of financial services, including a VISA payment card, and a bigger set of choices for on-ramp, off-ramp, trade and savings options. Additional plans include expanded support for assets and chains - currently the wallet supports over 50 assets including Bitcoin, Ethereum, Binance Coin, Tezos, and Terra - and further developing its Keyless Wallet security technology. The investment comes less than a year after the company launched it