B2B digital asset infrastructure provider Zero Hash has raised $105 million in a Series D funding round.
Zero Hash founder and CEO Edward Woodford
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
The Series D fundraise follows hot on the heels of the completion of a $35 million Series C in September 2021.
Zero Hash founder and CEO Edward Woodford says the fintech has defined a new vertical of “digital-assets-as-a-service”, believing that every financial services firm and a significant number of customer-facing businesses will offer a crypto or NFT product within the next 12 months.
Zero Hash’s APIs enable neobanks, broker-dealers, payment platforms and other businesses to embed crypto and NFTs into their platforms, taking care of the backend and regulatory licensing.
The fintech’s products include crypto buy and sell, P2P transfers, rewards, round-ups and staking.
Zero Hash intends to use the cash to expand its global workforce across compliance, marketing, product and engineering.
Money will also go towards enhancing its support for Layer-2 protocols as well as doubling the number of assets it supports to more than 80 by the end of the year.
The cash injection will also enable the company to expand its international licensing framework in order to provide one-stop infrastructure for large global firms.
