Zerion, an investment app that allows anyone to enjoy DeFi-backed financial services, has just raised $8.2 million in its Series A funding. Mosaic Ventures spearheaded this funding series along with some other big investors.
The company announced this yesterday and remarked that the objective of this Series A funding is to ensure it leads everyone, in different places of the world, to the mainstream adoption of decentralized finance.
DeFi is maintaining a progressive and steady growth. However, there are some impediments to its growth. One of them is that some users find it quite difficult to navigate some DeFi apps.
Zerion tried to bridge this gap by designing a more user-friendly interface for even someone who knows nothing about crypto to ensure DeFi-backed financial products and services.
Practically, its interface is quite similar to that of Coinbase. However, Zerion is different from Coinbase and some other investment apps because it does not “have custody” of the users’ funds. Thus, a full-fledged DeFi portal.
At present, every tradable asset on the Ethereum blockchain can be traded through Zerion. But with this funding series, the company promised the integration of more networks and support in the future.
When interviewed, Evgeny Yurtaev who is the CEO & Co-founder of Zerion said: “We are thankful for the support and active involvement of our community, and excited to work with the best partners in the space to make decentralized finance easy for millions of people.”
Indeed, many expect more remarkable progress from Zerion. This should help the company to make DeFi accessible to everyone.