Zelf broke records on the Republic’s funding platform

Zelf, the startup that offers financial services around the metaverse and NFT, is not done surprising us. From the first day of its launch and the start of its seed funding, the company has shown a remarkable performance. One can easily underline the trust placed by investors in this project. A worthy trust to see the new attitude and services offered by the neo-bank.

A new fundraiser for Zelf

On July 27, Zelf launched a fundraising campaign on republica platform of raising funds. This fundraising aims to support the development of startup activities. It revolves around 3 main objectives: the acquisition of new customers, the development of a secure loan protocol in the metaverse and the recruitment of critical resources.

That said, less than 24 hours after starting the collection, the young company got a $100,000 endowment. This round of funding benefits from the support of companies such as FiveT Capital AG, specialist in asset management, and Polymorphic Capital, a venture capital fund focused on blockchain. Moreover, it is intended only for approved investors. To participate, the minimum bet is $2,500. In return, supporters receive preferred stock, which entitles them to priority status over ordinary shareholders. In addition, they have access to different bonuses depending on their level of participation.

However, the startup plans to launch a larger crowdfunding operation in the coming months. This time, the subscription floor will be much cheaper to allow as many people as possible to participate in the project.

Zelf rose

The startup is on a mission to make financial services more accessible around the world. As such, the company offers banking services through popular messaging apps such as WhatsApp, Facebook Messenger, Discord, Telegram and Viber. A feature that has already won over many people.

In fact, since its creation in 2020, the company has experienced a meteoric rise with a major movement recorded in 2021. Zelf credit cards are currently held by more than 530,000 users in Europe, mainly in France and the United States. Spain.

If not, the platform had more than one million users worldwide as of June. At the time, it launched in the United States with optimistic forecasts for revenue and attendance. In fact, the company plans to grow its customer base to over 5 million users by 2023.

A goal that shouldn’t be difficult to achieve since Zelf is clearly very popular within the crypto community. In fact, in 2021, the startup was chosen as the best fintech Product Hunt at the Golden Kitty Awards. It was named product of the month, week and day at the NFT.NYC convention held two months ago in Manhattan. It should also be noted that its waiting list currently has a total of more than 600,000 profiles.

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That said, Zelf’s offer is very attractive the company paying only one dollar to recruit new customers. It is 50 times less than the competition, according to him. Also, to accelerate its development, the company cooperates with a large network of partners, including Evolve Bank & Trust, Visa, Mastercard, Facebook, Apple and Google.

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NFTs at your fingertips

To promote the adoption of Web3, Zelf, who claims to be the bank of Metaverse, has a great idea to integrate the Apple Watch. a function which allows their owners to trade and view their NFTs. Launched in June, it was a resounding success. In addition, the iWatch function can now host as many NFTs as are in the users’ Zelf account. By the end of this month, it will support the connection of wallets besides starting with Metamask. Soon, it will merge with wallets based in Solana (SOL). As a reminder, the Zelf service is currently compatible with NFTs issued by the Ethereum (ETH), Polygon (MATIC), Solana (SOL), Klaytn (KLAY) networks.

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Conclusion

Zelf is one of the new startups in the Web3 industry that understands the challenges of popularity. This awareness is reflected not only in the services it offers but also in the way it communicates and promotes different types of investors. In addition, despite its relative youth, the company has implemented relevant targeted actions that will greatly increase its rise in the world of cryptocurrencies.

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