TechFlow News — According to Bitcoinist, Solana-based streaming payments protocol Zebec has raised $8.5 million at a $1 billion fully diluted valuation, with participation from Circle Ventures, Shima Capital, and Resolute Ventures. Earlier this year, Zebec partnered with Visa and joined its Fintech Fast Track Program. The company expects to reach $20 million in revenue by the end of 2022, with a net profit of $6 million. Additionally, Zebec is projected to have 2 million users by 2024.
Notably, in March of this year, Zebec announced it had raised $28 million through public and private token sales and launched its ZBC token. Private sale investors, who contributed $21 million, included Circle, Coinbase, Solana Ventures, Lightspeed Venture Partners, and Alameda Research. The additional $7 million in public token sales was completed in collaboration with Republic.
