Crypto Settlement Startup Zebec Raised $15 Million Financing Round Led By Solana Ventures

By Author: Greg C. Ryan
Total Articles: 20
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Recently, programmable cash startup Zebec disclosed that the company has raised $15 million from investors. Solana Ventures and Distributed Global were leading the new Zebec financing round. Zebec is the startup that created a continuous and programmable cash stream protocol that uses the Solana network.

As per the press announcement, other members who participated in the round and injected capital into Zebec includes 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.

The new funding will be utilized for Zebec DeFi's payment scaling solution allowing to provide money streams on Solana that will be instant and continuous. As per Zebec, the company’s Defi model Zebec Pay will be the best payment solution for DAOs, crypto projects, Web3, and the metaverse. Hence, Zebec is built on Solana for ultimate scalability, speed, and low transaction fees.

Zebec describes how the startup created Zebec Pay, Zebec’s initial application, which is the ...
... first tax-compliant, on-chain payroll system that enables real-time payment settlement in USDC or other stablecoins among all participants by the second. On-chain payment system makes it possible to pay the employees in real-time through stablecoins like USDC which they can use immediately.

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