Solana Ecosystem Cash Flow Protocol Zebec Closes $8.5 Million Funding Round with Circle Ventures Involved

Solana ecosystem cash flow protocol Zebec closed an $8.5 million round of funding at a fully diluted valuation of $1 billion with participation from Circle Ventures, Shima Capital, Resolute Ventures and others. Earlier this year, Zebec partnered with Visa to join its Fintech Fast Track program. Zebec will reportedly soon launch custom debit cards and also plans to launch a stablecoin when the revenue reaches $1 trillion. Previously, Zebec raised $28 million through its token sale from private and public investors in March of this year and launched $ZBC tokens. Investors in the $21 million private sales included Solana, Coinbase, Circle and Lightspeed Venture Partners and Alameda Research, while the other $7 million token public sale was completed in partnership with Republic.