"There is massive interest from traditional fintech in the crypto world"
Speaking at FinTech2021, CEO and co-founder of ZenGo, Ouriel Ohayon, discussed how both extremes of the industry are starting to speak to each other and collaborate
"There is massive interest from traditional fintech in the crypto world. We are seeing banks move very aggressively into the space and we are seeing public companies investing massively into the space. You start to see countries that are looking into cryptocurrencies as a potential reserve or even as a legal tender. I think both extremes of the industry are starting to speak to each other and collaborate. I think it is very promising. I don't think one can live without each other," said Ouriel Ohayon, CEO and co-founder of ZenGo, speaking to CTech at FinTech2021.
Israeli startup ZenGo, which developed a crypto mobile wallet for retail investors, announced in April a $20 million Series A round led by Insight Partners with participation from Distributed Global (in partnership with Temasek Holdings) and Austin Rief Ventures, as well as existing investors Benson Oak Ventures, Samsung Next, Elron, Collider Ventures, FJ Labs, and others.
ZenGo, which raised $4 million in its previous round, employs over 20 people and is headquartered in Tel Aviv. The company was founded by Ouriel Ohayon (CEO), Tal Be'ery (VP R&D) and Omer Shlomovits (VP Research).
"We started the operation about two-and-a-half years ago and we now have traction and a lot of customers and recently closed a Series A," added Ohayon.
You can watch the entire exchange in the video above.