ZeFi is an alternative to high yield savings account. It lets users earn up to 8% APY on their deposits and spend with a debit card.
ZeFi develops a neobanking platform that provides a permission less financial ecosystem without a central authority. The platform provides high yield US dollars denominated savings account to convert deposits to fiat cryptocurrency, which is linked to the US dollar, and thereafter lends it out to low-risk borrowers at a higher interest rate, allowing users to interact and earn more with their crypto assets.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Mar 16, 2020 | Seed | — | 2 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Accel | — | Seed |
Y Combinator | — | Seed |