- Zebec raises $15 million to boost real-time Settlement.
- The startup offers payments for Web3, DAOs, and the metaverse.
- It has 250 projects developing on its protocol.
Multi-signature treasury management and crypto settlement company Zebec reveals it has raised $15 million from investors. The startup claims the funds will be used to strengthen the programmable cash stream protocol on the Solana blockchain.
In detail, Zebec projects to become the payment solution for crypto projects, Web3, metaverse, and DAOs. The firm provides real-time settlement with the help of programmable cash stream payments — an on-chain payroll system.
Zebec purports that it has a unique programmable payment stream protocol that ensures users send and receive cash in simple ways for payments, investments, subscriptions, etc.
The company has also revealed its investors including Lightspeed Venture Partners, Coinbase, Circle, Alameda Research, BECO Capital, Road Ventures, and many others. All these investment companies actively participated in the funding round.
Sam Thapaliya, the founder of Zebec, affirms that most of the payment-based projects are still capitalizing on the Web2 mechanism and one-time wallet transfers irrespective of all of the promises made by DeFi and Web3.
Circle CFO Jeremy Fox-Geen remarked that the new application of Zebec will be used to scale Zebec to offer “instant and continuous money streams on Solana”. At present, the company claims that it is developing more than 250 projects on its protocol.
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