<a href="https://www.zulu.io/" target="_blank" rel="nofollow noopener">Zulu</a>, a cryptocurrency wallet software located in Bogota, Colombia, has received $5 million in a seed round to grow its customer base in Latin America. Cadenza Ventures, a startup venture capital firm, led the investment. A number of businesses and individual investors, such as Nexo Ventures, a fund that focuses on the <a href="https://www.cryptoknowmics.com/news/web3-platform-angelo-prepares-to-reimagine-physical-art-collection">web3</a>, also actively participated.
<h2>Zulu Focuses On Using Stablecoins</h2>
In light of currency depreciation, Zulu focuses on utilizing <a href="https://www.cryptoknowmics.com/news/truelayer-to-support-coinbase-payments-and-focus-on-stablecoins">stablecoins</a> to make it simpler for those living in Latin America to save funds and send cross-border transactions to relatives and friends who are still there. The <a href="https://www.cryptoknowmics.com/news/binance-okx-and-bybit-halt-usdt-and-usdc-deposits-on-solana">USD Coin</a> app accepts the stablecoin that is tied to the dollar.

According to Zulu CEO and co-founder Esteban Villegas, Zulu is a 100% decentralized wallet that runs on the <a href="https://www.cryptoknowmics.com/news/singapore-uses-polygon-and-aave-in-initial-defi-wholesale-markets-deal">Polygon Blockchain</a> and lets users buy, hold, and sell USDC. In the previous four months, the <a href="https://www.cryptoknowmics.com/news/bitflex-cryptocurrency-exchange">cryptocurrency</a> wallet software handled more than $1.5 million. In March, the platform became live.
<h2>Future Plans</h2>
Colombia, Venezuela, Peru, and Mexico are countries where the cryptocurrency wallet software has users. Next year, the business plans to launch its application in the US and other nations.

Villegas added that the wallet business addresses a significant and crucial vacuum by offering simple, safe, and affordable choices to the millions of Latin Americans who do not have existing banking links.

Zulu From Colombia Raises $5 Million in Seed Round

Zulu, a cryptocurrency wallet software located in Bogota, Colombia, has received $5 million in a seed round to grow its customer base in Latin America.

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Zulu From Colombia Raises $5 Million in Seed Round

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