B2B digital-asset-as-a-service infrastructure Zero Hash has closed its Series D funding round on $105m.
The round was backed by Bain Capital, NYCA, and Steve Cohen’s Point72 Ventures.
Zero Hash enables businesses to natively embed crypto and NFTs into their customer experience. Its services are used by MoneyLion, Wirex, MoonPay, Ramp, Transak, TradeZero, TradeStation, tastyworks and more.
The platform also offers an array of tools to buy, sell, send and receive cryptocurrency, complete P2P transfers, and more.
Zero Hash founder and CEO Edward Woodford said, “Zero Hash has defined a new Fintech vertical of ‘digital-assets-as-a-service’. Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next twelve-months.”
This funding round comes just months after Zero Hash collected $35m in its Series C round. It raised the funds to expand its product offering, and hire more compliance, marketing, product and engineering staff.
Earlier this week, the UK parliament launched the Crypto and Digital Assets Group to support innovation and regulation of digital assets. The body will support the education of the digital asset class and support its adoption.
The group has been welcomed by industry experts. Katharine Wooller, MD of crypto wealth specialist Dacxi recently told FinTech Global, “The UK prides itself on being a centre of FinTech innovation, crypto has too long been the weird cousin no one talks about! Crypto is no longer a small cog in the fintech ecosystem – the market cap is currently £1.4trn. Should the UK government not take the digital assets industry more seriously it will be missing out on a thriving and ever-growing industry creating much needed wealth and taxation revenue for the UK.”
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