Crypto-as-a-Service startup Zero Hash announced Wednesday that it has raised $105 million in its Series D funding round. The latest fundraise is triple the funds raised by the company in September last year.
Launched in 2017, Zero Hash is a B2B embedded infrastructure platform that allows other businesses to offer crypto and NFT-related services on their platform. With the latest funding, the total investments raised by the company have accumulated to nearly $170 million.
The company has raised the funds from investors Bain Capital, NYCA, and Steve Cohen’s Point72 Ventures. Zero Hash said it will utilize the proceeds to expand its global team across compliance, marketing, product, and engineering. It also plans to expand support for L2 protocols and double the number of assets it supports by the end of 2022.
Edward Woodford, Founder and CEO of Zero Hash, said:
“Zero Hash has defined a new Fintech vertical of ‘digital-assets-as-a-service’. Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next twelve-months.”