Zerohash, a US-based embedded crypto and stablecoin infrastructure platform, has reached unicorn status following a $104 million Series D-2 funding round led by Interactive Brokers.
The investment round saw increased commitments from existing backers PEAK6, tastytrade, and Nyca Partners, while also attracting new participants including Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures.
Founded in 2017 by CEO Edward Woodford, who describes the company as “building the AWS of on-chain infrastructure”, Zerohash provides technology for companies to embed crypto, stablecoin, and tokenised asset services.
The company’s API suite and development kit enable businesses to integrate commerce, cross-border payments, remittance, payroll, trading, and tokenisation solutions directly into their various digital channels. Zerohash says it has supported over 5 million users across 190 countries since its inception and powers offerings for prominent clients including Stripe, Shift4, and Franklin Templeton.
Operating from offices in New York, Chicago, North Carolina, and Amsterdam, Zerohash plans to leverage its latest cash injection to accelerate product development and expand its team beyond its current 200 employees.
The funding round brings the company’s total capital raised to date to $275 million and follows its initial $105 million Series D round in December 2021 and $35 million Series C in September 2021.
Source: https://www.fintechfutures.com/
