Zebec Raises $15M in Funding


Zebec, a San Francisco, CA-based provider of a continuous and programmable cash stream protocol on Solana, raised $15M in funding.

The round was led by Solana Ventures and Distributed Global with participation from Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital,  BECO Capital, Greenoaks, GoldenTree Asset Management and 500 Startups.

The company intends to use the funds to continue scaling its DeFi payment solution.

Led by Sam Thapaliya, founder, Zebec is a programmable cash flow protocol on Solana, enabling real-time and continuous streams of payments and financial transactions for payroll, investments and more. Zebec Pay, Zebec’s initial application, is a tax compliant, on-chain payroll processing system enabling employees to be paid by the second — in USDC or other stablecoins — and immediately use their money.

Just months after launching, there are already more than 250 projects building a variety of businesses on the Zebec protocol.