25 August 2020

Zumo raises £1.1mn in first day of crowdfunding  

Written By FinTech Alliance

Zumo raises £1.1mn in first day of crowdfunding  

Payments platform Zumo is crowdfunding via Seedrs, and has already reached its target.   

In Brief:  

  • Zumo allows users to trade, store and spend cryptocurrency via its wallet.  

  • It is raising at a pre-money valuation of £10.5mn.  

  • It also has a B2B product which allows businesses to accept crypto payments.  

What does this mean?  

Zumo is crowdfunding to allow consumers to invest and be part of moving the business forward. It plans to release a debit card in the coming months and it hopes helping people work with cryptocurrency will boost financial inclusion across the globe.  

Read more here.   

Up Next ...
22 February 2024

Former Virgin Money CEO appointed to chair Ozone API’s Board

Dame Jayne-Anne Gadhia selected as new Chair of the Board ...

22 February 2024

FinTech Wales appoints new chief executive

FinTech Wales, the independent membership association and champion of the ...

22 February 2024

Zumo hires Head of Sales to spearhead its growth

Zumo, the B2B digital assets infrastructure that prioritises sustainability, has ...

21 February 2024

Monzo targets £4bn valuation in fresh funding round

Fintech could finalise deal in next two weeks to raise ...

More in Crowd Funding

Birmingham startup Furbnow raises £950k to decarbonise homes

11 January 2024

Founded in 2022, Furbnow was launched to reduce the carbon ...

RegTech scale-up Salv raises €3.9mn for UK market expansion

15 December 2023

Salv says it has doubled revenue in 2023 as banks ...

Jenesys AI Raises $1.1mn in Pre-Seed Funding

14 December 2023

Jenesys, a London, UK-based company specializing in B2B invoice management ...

Welsh FinTech obtains £1.5mn seed investment

13 December 2023

FinTech Hope Macy has obtained £1.5m in seed investment from ...

There are no Knowledge Bank in this category

There are no Events in this category