Zebec Raises $6M in Seed Round Funding

Published on: 13.11.2021

Zebec is thrilled to announce that they have successfully raised $6 million in early-stage seed round funding.

The round was led by Republic Capital, Shima Capital, and Breyer Capital and supported by Liberty City Ventures, Resolute Ventures, Launchpad VC, Infinity Ventures Crypto, Cadenza VC, HackVC, Backend Capital, and Finality Capital.

As the first programmable cash flow protocol on Solana, Zebec enables real-time and continuous streams of payments and financial transactions for payroll, investments, and more. The automatic money streams made possible through the Zebec Protocol allow businesses, employees, and consumers to completely reimagine how they are paid, how they invest, and how they buy products or services.

“The growth of the digital economy has been hindered by a lack of tax-compliant, frictionless payment processing technologies. Zebec finally makes it easy for anyone to send and receive cash in real time without intermediaries, delays or risks of non-payment,” said Republic Capital co-founder and Managing Director Christian Sullivan in the press release.

“DeFi lacks TradFi volumes — Zebec is on its way to solving this problem by porting the massive traditional world transactional volumes on-chain via its innovative streaming protocol, starting with payroll,” said Yida Gao, General Partner, Sima Capital. “We are honored to co-lead this round to back Sam and his team on bringing the next 100M users into Web3.”

“Zebec aspires to transform payroll by allowing employers to pay employees every second,” said Jim Breyer, founder, and CEO of Breyer Capital. “The potential applications of this web3 technology are exciting. We applaud the team on the launch and look forward to Zebec’s continued growth and success.”

What’s next?

Zebec Protocol is launching “Ship 2021” from November 22, 2021, to December 22, 2021. Ship 2021 is a hackathon where developers and hackers from all over the world participate to explore the potential of Zebec’s continuous settlement protocol, build products on top of it, and win up to $10,000 in prizes. The best projects incorporating the Zebec Protocol will be judged by the investors and founders of the Solana Ecosystem. Learn more about Ship 2021 at https://zebec.io/ship-2021.

Through Zebec Payroll employees will also have access to superior crypto-native financial services including:

Automated Dollar Cost Averaging: Zebec is the only real-time, by-the-second dollar-cost averaging investing mechanism available anywhere. Users can automatically convert a percentage of their paycheck into top cryptocurrencies.
Investments & Yield-Farming: Employees also have complete control over how they use their money with easy to program smart contracts that allow them to automatically invest in crypto or DeFi applications to earn yield.
Crypto IRA & 401k Accounts: Employees can easily allocate a portion of their paycheck to compliant crypto IRA & 401k accounts.
Free Fiat On-Ramp & Off-Ramp: Users can swap their cryptocurrencies into USD and transfer their money to their regular bank accounts without paying a fee.