Zero Hash raises $ 105 million in Series D funding
Zero Hash announces Series D three months after its Series C fundraiser closes
CHICAGO, Jan. 12, 2022 (GLOBE NEWSWIRE) – Zero Hash, the leading B2B digital asset-as-a-service infrastructure that offers the turnkey solution to enable any platform the possibility for their customers to buy / sell, send / receive, reward, earn and stake digital assets, announced its $ 105 million Series D funding round today. Zero Hash investors now include Bain Capital, NYCA and Steve Cohen’s Point72 Ventures.
Zero Hash’s Series D fundraiser follows its Series C announcement three months ago in September 2021. “Zero Hash has defined a new fintech vertical of ‘digital assets as a service’. Our thesis is very simple: Every financial services company and a wide variety of corporate clients will offer a crypto or NFT product over the next twelve months, ”said Edward Woodford, Founder and CEO.
Zero Hash allows any business to natively and quickly integrate cryptocurrencies and NFTs into their own customer experience. Zero Hash now powers some of the biggest neo-banks (including MoneyLion and Wirex), the fastest growing payment processors (including MoonPay, Ramp, and Transak) and top brokers (including Tasty, TradeZero and TradeStation).
Zero Hash APIs currently power some of the largest and fastest growing platforms and millions of end customers. The company’s suite of products includes crypto buying and selling, on-chain sending and receiving, P2P transfers, rewards, roundups, and staking. Zero Hash handles all of the back-end complexity and regulatory licensing needed to deliver these digital asset experiences to millions of customers around the world.
Zero Hash now powers a important part of the total volume of on-chain transactions worldwide. The company will use the product of the cycle to continue to expand its global team in the areas of compliance, marketing, products and engineering. The company also intends to improve its support for Layer 2 protocols and double the number of assets it supports to more than eighty by the end of the year. In addition to the opportunistic pursuit of strategic acquisitions, the capital injection will allow the Company to extend its international licensing framework to provide one-stop-shop infrastructure for the world’s largest companies.
About Zero Hash
Zero Hash is a B2B embedded infrastructure platform that allows any platform to integrate digital assets natively into their own customer experience quickly and easily (a matter of API endpoints) . Zero Hash’s turnkey solution handles all of the back-end complexity and regulatory licensing required to deliver digital asset products.
Zero Hash enables neo-banks, brokers and payment groups to offer digital asset trading and custody programs, crypto rewards and roundups, as well as the ability to earn crypto through staking and the challenge. Customers include MoneyLion, Transak, Deserve, Wirex, MoonPay, Tasty. Zero Hash is backed by investors including Point72 Ventures, Bain Capital Ventures and NYCA.
Zero Hash Holdings Ltd. is a Delaware C-Corp company which owns 100% Zero Hash LLC and Zero Hash Liquidity Services LLC. Zero Hash LLC is a FinCen registered money services business and regulated money issuer that may operate in 51 US jurisdictions. Zero Hash also holds a virtual currency license from NYDFS. In Canada, Zero Hash LLC is registered as a money services business with FINTRAC.