Zebec Raises $15 Million in Funding!
Cheers! We’ve raised $15M from Investments from Circle, Coinbase, Alameda Research, Solana Ventures, Lightspeed Venture Partners & Others!
You guessed it — Zebec’s done it again. We’ve managed to bag a pretty good investment to ease into our scaling — now to programmable cash stream protocol.
Our success is credited to Solana Ventures and Distributed Global who led the new funding. With investments from Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital, Greenoaks, GoldenTree Asset Management, and 500 Startups, we’re heading towards expansion and scaling of Zebec Protocol.
Zebec Protocol Zebec is a continuous settlement protocol on Solana which enables the composable transfer of value starting with Zebec Payroll. Zebec Payroll is a full tax compliant on-chain payroll processing system enabling employees to be paid by the second — in USDC or other stablecoins — and immediately use their money.
Furthermore, Zebec has introduced Zebec Safe, a fully customizable multi-sig on Solana. Users can now operate treasury management flawlessly with multi-sig options that enable safe, secure, and protected transactions.
We’re revolutionizing DeFi like no other. Unlike traditional financial settlement systems that move money on a one-time basis and require intermediaries who charge fees and take multiple days to process transactions, Zebec’s streams can be started instantly and programmed as the user wishes.
That’s not all. Our Ship 2021’s Hackathon was a blast. Over 250 projects were built on Zebec’s protocol, with $10000 distribution in Prizes.
Managing Partner at Distributed Global, Johnny Steindorff says, “We believe Zebec is well positioned to become a core primitive for a multitude of streaming money and payment applications.”
Zebec Protocol is the first programmable cash flow protocol on Solana, enabling real-time and continuous streams of payments and financial transactions for payroll, investments, and more.
“Zebec is quickly building the suite of treasury management, payroll and payments products and services that nearly every web3 company will need. It’s no surprise VCs, DAOs and startups have already adopted Zebec as their core partner,” said Joe McCann, Asymmetric.
Note of Thanks
On behalf of Zebec, we’d like to express our heartfelt gratitude to our investors, the community, and fellow supporters. Your trust in Zebec has led us to reach heights and we will continue doing so with your trust!
