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Zeebu raises $25 million for blockchain-based settlement platform

Zeebu’s loyalty token, designed exclusively for the telecom carrier sector, offers unprecedented benefits to merchants and customers alike

Published: Fri 8 Sep 2023, 11:12 AM

Updated: Fri 8 Sep 2023, 12:23 PM

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Zeebu, the innovative blockchain-based settlement platform for the telecom carrier industry, has successfully raised $25 million in a presale funding round, surpassing its hard cap target of $15 million. The round saw participation from several strategic investors, including Bankai Ventures.

The market’s enthusiasm for Zeebu’s groundbreaking on-chain invoice settlement platform and loyalty token, which aims to revolutionise the telecom carrier industry, is reflected in the overwhelming response from investors.

“We are thrilled and grateful for the incredible support and trust shown by our investors during this presale funding round,” said Raj Brahmbhatt, founder at Zeebu. "Our mission is to empower the telecom carrier industry with cutting-edge blockchain technology and innovative loyalty solutions. This significant funding milestone brings us one step closer to realising that vision, and we are excited to drive positive change in the industry."

Zeebu’s loyalty token, designed exclusively for the telecom carrier sector, offers unprecedented benefits to merchants and customers alike. It eliminates the need for conventional and expensive traditional banking channels and intermediaries, enabling faster transactions while enhancing margins. The goal is to create a seamless and efficient experience for all participants through a dedicated blockchain-based settlement platform.

“Zeebu’s unique value proposition and its potential to transform the telecom carrier sector represent an exciting opportunity for growth and innovation," said Sean Byrnes, CFO at Bankai Ventures. “The team’s vision, expertise, and unwavering dedication to creating value for all stakeholders really shines through, and I am confident Zeebu will lead the way in transforming settlement processes and ushering in a new era of efficiency for the $120 billion telecom industry.”

Through its loyalty token, Zeebu incentivises and rewards carriers, empowering them with the means to streamline transactions and enhance their operational efficiency. The platform’s goal is to onboard over 100 such telecom carriers, facilitating cross-border settlement processes with unparalleled efficiency.

Zeebu has already secured strategic partnerships with several major telecommunications providers such as Hayo Telecom Inc., Axistel FZE, Qatama Ltd, BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel d.o.o., as it seeks to overcome the long-standing challenges encountered by industry players.

For more information, visit www.zeebu.com/.



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