# Zeal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zeal

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.zeal.app
- Total disclosed funding: $7.1M
- Latest round: Seed (Apr 5, 2021)
- Investors on record: 6

## About

Zeal is a UK-based company specializing in decentralized finance solutions, offering tools that enhance yield generation in the cryptocurrency market while minimizing reliance on intermediaries.Founded in 2022, Zeal operates from London, UK, focusing on providing innovative financial solutions in the cryptocurrency sector. The company was established by Arthur Phillips, who has an extensive background in financial technology. Zeal raised USD 7.1 mn in Seed funding on April 5, 2021, co-led by Galaxy Digital and Framework Ventures, among other investors. Its total amount raised amounts to USD 7.1 mn, with a current valuation of USD 31.41 mn.Zeal Wallet offers a core product designed to streamline the process of yield generation in the cryptocurrency space. Their main service focuses on eliminating intermediaries, thereby allowing users to retain the entirety of their yield. By leveraging decentralized finance (DeFi) mechanisms, Zeal Wallet provides end users, particularly individual investors and crypto enthusiasts, with the tools to maximize their returns on digital assets. The product is tailored to address common challenges in yield farming, such as high fees and inefficiencies caused by intermediaries. Zeal Wallet operates primarily in the North American and European markets, catering to a diverse client base that includes retail investors and tech-savvy consumers seeking innovative solutions for their cryptocurrency investments.The revenue model for Zeal Wallet centers on transaction fees associated with yield generation services offered to its users. Clients typically engage with the platform by depositing their digital assets, which are then utilized in various DeFi protocols to optimize yield. Each transaction within the platform incurs a fee, which contributes to the company’s revenue stream. Additionally, Zeal Wallet may explore partnerships with other financial service providers to further enhance its offerings. While specific pricing plans are not disclosed, the service's structure is designed to attract both individual users and institutional clients, allowing them to benefit from enhanced yield opportunities without the cost burden of traditional intermediaries. The flagship service empowers users to reclaim their yield efficiently, contributing to the firm's overall financial performance.Zeal plans to utilize the recent Seed funding raised in April 2021 to scale its initial two products that will integrate elements of decentralized and legacy finance, catering to users' yield and risk preferences through services such as lending, trading, and insurance. The company aims to expand its product offerings and enhance user experience by launching these new services in the coming months. Furthermore, Zeal is targeting expansion into additional geographic regions, specifically focusing on increasing its presence in Asia-Pacific and Latin America by 2023.

## Funding rounds

- Seed, Apr 5, 2021, $7.1M — Northzone, A Capital Partners, Galaxy Asset Management, Nascent Ventures, Variant, Framework Ventures

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Seed
- A Capital Partners (https://capitalatlas.ai/funds/a-capital-partners) — Seed
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- Nascent Ventures (https://capitalatlas.ai/funds/nascent-ventures) — Seed
- Variant (https://capitalatlas.ai/funds/variant) — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed