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.   

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