Romanian crypto startup ZoidPay receives $75M from GEM Digital Limited

The Bucharest-based crypto liquidity startup ZoidPay has received $75 million to build the next generation of financial service. The investment was led by GEM Digital Limited

  • Launched in 2018 by Eduard Oneci and Vasile Burcin, ZoidPay is a crypto liquidity platform enabling instant card issuance for purchases from any merchant at the lowest fees. ZoidPay offers full support APIs and SDKs to developers and financial businesses that want to build next generation Web 3.0 financial services. 
  • ZoidPay has also announced the launch of ZETA, a fully decentralized world offering users an immersive experience with AR, VR, XR. ZETA will let retail users explore different avenues, including shopping, and access to Web 3.0 financial services.
  • The fresh round was led by the Bahamas digital asset investment firm GEM Digital Limited that invests in utility tokens listed on over 30 CEXs and DEXs globally.

“By the end of the first quarter of 2023, we aim to become the biggest Web 3.0 architecture provider in the world. This comes after years of putting together the building blocks towards that direction, including forging partnerships, developing the tech, and putting together an extremely capable team. The investment from GEM now acts as a catalyst in our current phase of Hyperscaling,”

Eduard Oneci, CEO and co-founder of ZoidPay said.
  • ZoidPay plans to spend the funding to develop the go-to open architecture for building the next generation of financial services, scaling the first on-demand Metaverse, facilitating the first-ever bank acquisition by a blockchain firm, and launching a Web 3.0 super app.