# Zenbanx Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zenbanx-holding

- Industry: Financial Services
- Headquarters: US
- Website: www.zenbanx.com
- Latest round: Seed (Feb 15, 2015)
- Investors on record: 3

## About

Zenbanx Holding Ltd. is a digital banking platform that provides multi-currency accounts and efficient currency exchange services, catering to the needs of international travelers and businesses engaged in global trade.Founded in 2012 in the US, Zenbanx Holding Ltd. operates as a digital banking entity focused on currency management. The company was acquired on February 1, 2017, by Social Finance, a financial services firm backed by multiple prominent investors. Specific details regarding the founder's history were not disclosed, and there are no known subsidiaries or parent companies associated with Zenbanx.Zenbanx.com primarily offers a digital banking platform that focuses on providing customers with multi-currency accounts and seamless currency exchange services. Their core product enables users to hold multiple currencies in a single account, facilitating international transactions and travel payments while mitigating the risks associated with fluctuating exchange rates. This offering caters to a diverse client base, including expatriates, frequent travelers, and businesses engaged in cross-border trade, primarily targeting markets in North America, Europe, and specific regions in Asia. The platform was designed with user experience in mind, allowing for easy management of foreign currency assets and simplifying the process of currency conversion. Zenbanx aims to solve the challenges of financial mobility and accessibility, ensuring that users can efficiently manage their funds no matter where they are located.Zenbanx’s revenue model is structured around transaction fees and account management services, catering primarily to individual consumers and businesses requiring multi-currency solutions. For instance, users may engage in currency exchange transactions which incur a nominal fee, while businesses might utilize the platform for bulk currency transactions at competitive rates. The company also offers tiered pricing plans for premium services that include enhanced account features and lower transaction fees. These services appeal to a wide range of clients, from individual users seeking cost-effective currency management solutions to small to medium enterprises requiring efficient international payment processes. Overall, the diverse array of services enhances the potential for robust revenue generation through direct consumer engagement and business partnerships.Zenbanx is poised for growth through the development of new product offerings aimed at enhancing user experience in multi-currency management. Additionally, the company plans to expand its market presence in Asia by 2020, targeting specific countries to capture a growing customer base. The acquisition by Social Finance in February 2017 is expected to facilitate these initiatives, providing the necessary resources for product innovation and geographic expansion.

## Funding rounds

- Seed, Feb 15, 2015 — DCM, Tencent Investment, Recruit Strategic Partners

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Seed
- Tencent Investment — Seed
- Recruit Strategic Partners (https://capitalatlas.ai/funds/recruit-strategic-partners) — Seed