Numio, a US based startup, has secured $1.25m in an oversubscribed seed funding round led by HashKey Capital.
The Numio mobile app uses Ethereum’s Layer 2 (zkRollups, from zkSync), to provide users with the ability to make instant Ethereum transactions that are up to 100 times cheaper than on traditional Ethereum wallets.
First released in December 2020, the Numio app allows users to not only make payments, but also access online services with a two-factor system that is more secure than that offered by Google Authenticator. Numio’s identity verification technology utilizes zkProofs, allowing users to prove their identity to a third party platform without sending their personal documents to that platform. Partners, including PhoenixDAO and BTI Verified, are currently working with Numio to secure their platforms.
Layer 2 token swaps and the ability to purchase digital assets will soon be added to the app, with Layer 2 cryptocurrency trading, staking, pooling, eCommerce and in-store purchases to follow.
“Bringing a scalable and user-friendly Ethereum experience to all is at our core and this funding round allows us to take Numio to the next level”, said Numio Chief Technology Officer, Tim Allard. “Our Layer 2 focused app and extended roadmap is packed with the features and utility that our users demand, and we couldn’t be happier to have the support from our investors to help bring our vision to life.”
Lead investor Haskey Capital commented: “We are delighted to be an early investor in Numio. We were first attracted by their early adoption of zkRollups from zkSync, a Layer 2 solution that we appreciate greatly.
Numio is the first and only native wallet in the zkSync ecosystem. It is easy to log in, integrates DeFi and on/off ramp functions and the barrier to using it is very low. Numio is the easiest way for users to access Ethereum’s Layer 2.
We see Numio as a company who are knocking on the door of mass adoption for decentralized applications.”
The money raised in this seed round is being used for continued development of Numio’s DeFi roadmap, user acquisition, and growing the team.
Hashkey Capital was joined in the seed round by LD Capital, Youbi Capital, Caballeros Capital, DVC, ZMT Capital, as well as angel investors including Suji Yan of Mask Network, and Cecilia Li, ex-investment director of OK Group.
Numio gives you more control over your digital assets and your identity. Founded in 2020 with a vision to make crypto simple, Numio allows you to send crypto instantly, save up to 100x on Ethereum fees and verify your digital identity in a safe and secure way. Available on Android and iOS, Numio was the first zkRollup powered mobile payments app to be released on Google Play.
All Numio products are non-custodial, so only the account holder has access to their money.