by Daniel Taylor
August 2021
One year on from our seed funding, find out more about our 100X user growth and other highlights from the past year.
Crypto moves fast, as well we know. One year ago, we were closing our seed funding round – raising £1.66 million over a few short hours and ending the round 150% oversubscribed.
Fast forward to today, and we’ve increased our user base a hundred fold over the course of the year, from 500 then to 50,000 now. Needless to say, it’s been a busy year, and we’re excited about the progress we’ve been making in getting people comfortable with crypto and helping make cryptocurrency understandable and accessible to people and businesses everywhere.
Particular highlights from Zumo HQ over the past 12 months included:
- Product: we launched a new virtual Visa debit card offering seamless cash-to-cryptocurrency payment functionality, alongside innovative smart price alert and smartfolio portfolio tracking features;
- People: we doubled our workforce, with key strategic hires and appointments including Chief Operating Officer Dagmara Aldridge; Chief Technology Officer Tim Sabanov; and Non-Executive Director Andy Downes;
- Enterprise: we created Zumo, a B2B crypto-as-a-service solution that allows fintechs, banks and payment providers to connect to the blockchain, adopt digital and crypto currency solutions and profit from decentralisation; and
- Awards: we were recognised as ‘start-up to watch’ by Sifted, the FT-backed start-up monitoring platform, alongside further individual wins and nominations at the UK FinTech, Women in FinTech and EY Entrepreneur of the Year awards.
One year on from our seed funding, it’s great to see how far we’ve come – and where the journey might take us next.
We’re here to provide a new generation of smart money solutions for a new, decentralised economy, and we look forward to keeping you all updated as we explore some more exciting plans for the upcoming year!
