Zebec secures funding for DeFi payment solution

Zebec, a continuous and programmable cash stream protocol on Solana, has raised $15m in funding to scale its payment solution.

The funding was led by Solana Ventures and Distributed Global, 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. It will be used to continue scaling the Zebec DeFi payment solution.

Zebec’s unique programmable and continuous money stream protocol makes it simple for anyone to send and receive cash up to the second for investments, payments, subscriptions and more.

Zebec Pay, Zebec’s initial application, is the first tax compliant, on-chain payroll processing system enabling employees to be paid by the second and immediately use their money. As a DeFi native model that offers a payment solution for DAOs, crypto projects, Web3 and the metaverse, Zebec is built on Solana for ultimate scalability, speed and low transaction fees.

Sam Thapaliya, founder of Zebec, said, “Despite all of the promise of decentralised finance and Web3, most organisations are still relying on Web2-style payments or, at best, one time wallet transfers. We’ve built a DeFi native solution for instant, seamless and continuous money streams and we think Zebec will be the future model for on-chain payments.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.