Zeconomy is a US-based startup, founded in 2013, with a vision to bridge CeFi and DeFi to better fuel global trade and local businesses. The company's slogan "Bridging CeFi and DeFi to Better Fuel Global Trade and local business. Faster Payments & Deeper Trade Liquidity." encapsulates its mission to streamline the "procure-to-pay" processes among corporate buyers, sellers, and institutional funders.
Zeconomy's proprietary algorithms enable quicker, more cost-effective access to capital for buyers and sellers, disrupting traditional funding avenues. Its platform provides substantial benefits to companies and their suppliers, offering faster payment cycles for suppliers and increased cash flow for large companies.
With Zeconomy, suppliers can receive payments on day 1 of invoicing without incurring high financing premiums, resulting in up to 50% savings. Large companies can extend payment timelines without incurring debt, resulting in approximately 30% more cash on hand.By aggregating credit quality and processing for financial institutions, Zeconomy is transforming the billing cycle into additional cash and savings for both parties. In April 2021, the company secured a $5.00M Convertible Note investment. With no disclosed specific investors, the latest investment marks an important milestone in Zeconomy's journey to revolutionize B2B payments and solidify its position as a game-changer in the intersection of finance and technology.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | $5.00M | - | 01 Apr 2021 | |
Convertible Note | $2.31M | - | 01 Mar 2017 | |
Convertible Note | $2.03M | - | 01 Jan 2016 | |
Seed Round | $1.55M | - | 18 Jun 2014 |
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