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Zero Hash raises $35m in Series C funding led by Point72 Ventures

By Edlyn Cardoza

October 01, 2021

  • Asset Management
  • DeFi
  • Digital assets

Zero Hash, Point72 Ventures, USAZero Hash, a leading digital assets infrastructure company that provides the turnkey solution for platforms to buy, sell, receive, send, earn, and reward digital assets, recently announced $35 million in new Series C funding. Point72 Ventures led the investment round alongside NYCA Partners, DriveWealth, and others. Several notable angel investors also participated in the round, including Immad Akhund (Founder & CEO of Mercury), Kalpesh Kapadia (Founder & CEO of Deserve), Ethan Bloch (CEO and Founder of Digit), and Jason Gardner (Founder & CEO of Marqeta).

“Zero Hash is defining an entire new FinTech vertical of ‘digital-assets as a service’. Zero Hash is a pure-play B2B embedded infrastructure platform that allows any platform to integrate digital assets natively into their own customer experience quickly and easily,” said Edward Woodford, Founder and CEO. “We power digital asset trading and custody, crypto-backed rewards programs as well as yield through staking and DeFi. Zero Hash handles the entire back-end complexity and regulatory licensing required to offer digital asset products.”

Zero Hash now powers some of the largest neo-banks (including MoneyLion and Wirex) and prominent broker-dealers (including tastyworks and TradeStation). Zero Hash is working with some of the largest FinTech and financial services ecosystem brands to power their upcoming crypto offerings.

The company has nearly doubled the number of employees since the beginning of 2021 and recently reached profitability. Zero Hash also now powers a significant portion of the world’s entire on-chain transaction volume. The company will use the proceeds of the round to continue to expand its product offering, including within the DeFi and NFT space. The capital injection will expand the team across compliance, marketing, product, and engineering divisions. The Company also intends on expanding its global licensing framework as well as making strategic acquisitions.

“Zero Hash has developed a unique platform to help FinTechs and financial institutions seamlessly embed crypto products and experiences into their applications in a flexible and compliant way,” said Adam Carson, Partner at Point72 Ventures. “We believe embedded finance solutions, like Zero Hash’s crypto API platform, will help play an important role in enabling broader adoption of digital assets by allowing consumers to access crypto through the FinTech apps and financial services brands they already use and trust.”

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